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...

60.1K

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

You also have been asked to study whether there are any differences in the proportions of...

Statistics
Q

Can you list brief differences between paracrine, autocrine, neural, exocrine, and endocrine signaling?

Medical Sciences
Q

Compare the paths Cavour and Bismarck in unifying their nations… In what way did they both...

Psychology
Q

tarting from rest an object rolls down along an incline that rises by 3 in...

Physics
Q

When applying the change of base theorem to find log 75 there are several methods...

Geometry
Q

Quadrilateral CDEF is a square What is the value of u F C u 37...

Geometry
Q

Find the slope through the given two points 4 5 and 6 1 Find the...

Geometry
Q

A nondisjunction mutation results in a n condition of a cell A haploidy C multiploidy...

Algebra
Q

Equipment with a cost of $1358000 has an estimated salvage value of $32000 and...

Accounting
Q

Prepare an Income Statement based on the following: - gross sales = 2346217 - taxes...

Accounting
Q

Brig Company had $810,000 in sales, sales discounts of $12,150, sales returns and allowances of...

Accounting
Q

Woidtke Manufacturing's stock currently sells for $24 a share. The stock just paid a dividend...

Finance