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Ex1: Oman Company had the following income statement on 31.12.2019 Sales 450000 Cost of goods sold 250000 Gross profit 200000 Operating expenses 80000 Deprecation
Ex1: Oman Company had the following income statement on 31.12.2019 Sales 450000 Cost of goods sold 250000 Gross profit 200000 Operating expenses 80000 Deprecation 20000 Net income 100000 The following accounts decreased during 2019: Accounts receivable 27000 Inventory 12000 Accounts payable 19000 Prepaid expenses 15000 The following accounts increased during 2019: Notes receivable 16000 Rent payable 13000 Common stock 30000 Prepare the cash flows from operating activities
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