Question
Can you show me how to solve this problem. I need this as a guide and not calling it my own. Thank you very much
Can you show me how to solve this problem. I need this as a guide and not calling it my own. Thank you very much
Ocean Pines Company had net income $475,000. They also had depreciation expense of $200,000, an increase or (decrease) in accounts receivable of $50,000, and an increase or (decrease) in inventory of $-35,000. 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. If the total is a use of cash, enter as a negative number.(a negative number for accounts receivableor inventory indicates that the balance decreased)
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