Determine dollar value of cash provide by operating activity

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Point 1: Ocean Pines Company had net income $600,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $-20,000, and an increase or (decrease) in inventory of $-5,000. Ocean Pines prepares their Statement of Cash Flows using the indirect method.

Question 1: Use this information to determine the dollar value of cash provided or (used) by operating activities. If the total is a use of cash, enter as a negative number. (a negative number for accounts receivable or inventory indicates that the balance decreased)

Reference no: EM132480474

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