The XYZ Company had the following income statement on 31.12.2020 Deprecation 15000 Net income 95000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 16000, 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. NONE OF THESE b. 145000 OMR c. 149000 OMR d. 133000 OMR

The XYZ Company had the following income statement on 31.12.2020 Deprecation 15000 Net income 95000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 16000, 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. NONE OF THESE b. 145000 OMR c. 149000 OMR d. 133000 OMR

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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Question

NONE OF THESE

145000 OMR

149000 OMR

133000 OMR

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