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The following data is available for Al Barka Plastic Supplies Corporation: Net income R0 750,000 Depreciation expense 60,000 Sale of equipment 290,000 Decrease in accounts
The following data is available for Al Barka Plastic Supplies Corporation: Net income R0 750,000 Depreciation expense 60,000 Sale of equipment 290,000 Decrease in accounts receivable 60,000 Dividends paid 90,000 Sale of Building 430,000 Purchase of land 100,000 Decrease in accounts payable 85,000 In preparing the cash flow statement, Depreciation Expense should be: Select one: O a. None of the answers are correct O b. Subtracted from Net Income in the amount of OMR 60,000 O c. Added to Net Income in the amount of OMR 85,000 O d. Subtracted from Net Income in the amount of OMR 85,000 Oe. Added to Net Income in the amount of OMR 60,000
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