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Omar Company reported net income of 1 150,000 JD for the current year Depreciation recorded on buildings and equipment amounted to 80,000 JD for the
Omar Company reported net income of 1 150,000 JD for the current year Depreciation recorded on buildings and equipment amounted to 80,000 JD for the year Balances of the current asset and current liability accounts at the beginning and end of the year are as follow Beginning of the year Cash = 15,000 JD Account receivable 30,000 JD Inventories = 65,000 JD Prepaid expenses = 5000 JD Accounts payable = 16,000 JD Income taxes payable = 1300 JD End of the year Cash = 20,000 JD Accounts receivable = 19,000 JD Inventories = 55,000 JD Prepaid expenses = 7500 JD Accounts payable = 12,000 JD Income taxes payable = 1600 JD Cash flows from the operating activities "using the indirect method equals ( (4 ) A company had net income of 230,000 2 JD Depreciation expense is 26,000 JD. During the year, accounts receivables and inventory increased 15,000 JD and 40,000 JD respectively. Prepaid expenses and accounts payable decreased 2000 JD and 4000 JD respectively. There was also a loss on the sale of equipment of 3000 JD How much cash was provided by ? operating activities 2) (2 ) 196,000 202,000 276,000 288,000
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