Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in its statement of cash flows issued for the year

In its statement of cash flows issued for the year ending December 31, Oxford Company...

80.2K

Verified Solution

Question

Accounting

In its statement of cash flows issued for the year ending December 31, Oxford Company reported a net cash inflow from operating activities of $123,000. The following adjustments were included in the supplementary schedule reconciling cash flow from operating activities with net income:

Depreciation $38,000

Increase in net accounts receivable 31,000

Decrease in inventory 27,000

Decrease in accounts payable 48,000

Increase in prepaid expenses 12,000

Net income is:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2 2c 10c 11

Algebra
Q

Sasha, a doctor based in Toronto had to stop working temporarily due to the health and...

Advance Math
Q

Study this list and answer the question that follows Sitting Bull Crazy Horse Red Cloud...

Biology
Q

Choose the correct answer You could reasonably guess that the most obvious form of sarcasm...

Biology
Q

Editors review story ideas and decide what material will appeal most to readers. Editors evaluate...

Basic Math
Q

K The Minitab output shown below was obtained by using paired data consisting of weights...

Statistics
Q

t 2 t 3 V V Need Help Submit Answer 1 x 103 S Read...

Calculus
Q

Problem 16-1 Cygrom Delivery is a small company that transports business packages between Denver and...

Accounting
Q

The Goody Shop Ltd.'s unadjusted trial balance accounts and amounts (prior to recording any rember...

Accounting
Q

Question 6. (10 Marks) Fred Jones appears in your office and asks to...

Accounting
Q

A material cost variance measures the difference in quantities of actual input used and the...

Accounting
Q

Melbourne Ltd acquired 100% of Sydney Ltd on 11 December 2016. On 1 January 2017,...

Accounting