The XYZ Company had the following income statement on 31.12.2020 Deprecation 12000 Net income 85000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 6000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 12000 Accounts Payable 11000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities a. 149000 OMR b. 145000 OMR c. 130000 OMR d. NONE OF THESE
The XYZ Company had the following income statement on 31.12.2020 Deprecation 12000 Net income 85000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 6000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 12000 Accounts Payable 11000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities a. 149000 OMR b. 145000 OMR c. 130000 OMR d. NONE OF THESE
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The XYZ Company had the following income statement on 31.12.2020 Deprecation 12000 Net income 85000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 6000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 12000 Accounts Payable 11000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities a. 149000 OMR b. 145000 OMR c. 130000 OMR d. NONE OF THESE
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