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Ocean Pines Company had net income $450,000. They also had depreciation expense of $100,000, an increase...

Ocean Pines Company had net income $450,000. They also had depreciation expense of $100,000, an increase or (decrease) in accounts receivable of $-40,000, and an increase or (decrease) in inventory of $-5,000. 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. 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)

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Answer #1
Particulars Amount
Net income $450,000
Add: Depreciation $100,000
Decrease in account receivable $40,000
Decrease in inventory $5,000
Cash provided or (used) by operating activities $595,000
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