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20 (5 points) Ocean Pines Company had net income $500,000. They also had depreciation expense of $125,000, an increase or (decrease) in accounts receivable of
20 (5 points) Ocean Pines Company had net income $500,000. They also had depreciation expense of $125,000, an increase or (decrease) in accounts receivable of $60,000, and an increase or (decrease) in inventory of $-25,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. A negative number for accounts receivable or inventory indicates that the balance decreased. Enter as a whole number (no cents). Your Answer: Answer Question 12 (5 points) Annapolis Company purchased a $2,000, 5%, 5-year bond at 105 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar) Your
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