Reference no: EM132922873

Question - Ocean Pines Company had net income $525 000. They also had depreciation expense of $100 000, an increase or (decrease) in accounts receivable of $70 000, and an increase or (decrease) in inventory of $-35 000. Ocean Pines prepares their Statement of Cash Flows using the indirect method. Use this information to determine the dollar value of cash provided or (used) by operating activities. A negative number for accounts receivable or inventory indicates that the balance decreased. Enter as a whole number (no cents).

Annapolis Company purchased a $3 000, 4%, 10-year bond at 95 and held it to maturity. The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment? (all money received minus all money paid, round to nearest whole dollar)

On January 1, 2020, Baltimore Company issued $250 000 face value, 8%, 5-year bonds at 102. Interest is paid annually on January 1. Baltimore uses the straight-line method for amortization. Use this information to determine the dollar value of the interest expense for the 2020 calendar year. Round your answer to the nearest whole number (no cents).