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.
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 12P
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