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Sohar Co. had the following information in 2020: Sales 180000 COGS 80000 Operating expenses (including depreciation) Depreciation expense Interest expense 32000 4200 9000 Taxes 4000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 4500 2300 2000 Prepare operating cash flows using direct method.

Sohar Co. had the following information in 2020: Sales 180000 COGS 80000 Operating expenses (including depreciation) Depreciation expense Interest expense 32000 4200 9000 Taxes 4000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 4500 2300 2000 Prepare operating cash flows using direct method.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 4: Sohar Co. had the following information in 2020: Sales 180000 COGS 80000 Operating expenses (including depreciation) Depreciation expense Interest expense 32000 4200 9000 Таxes 4000 Increase in Accounts receivable Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 7000 4000 5000 4500 2300 2000 Prepare operating cash flows using direct method. (Ctrl) -
Transcribed Image Text:Question 4: Sohar Co. had the following information in 2020: Sales 180000 COGS 80000 Operating expenses (including depreciation) Depreciation expense Interest expense 32000 4200 9000 Таxes 4000 Increase in Accounts receivable Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 7000 4000 5000 4500 2300 2000 Prepare operating cash flows using direct method. (Ctrl) -
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