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Question - Ocean Pines Company had net income $550,000. They also had depreciation expense of $175,000, an increase or (decrease) in accounts receivable of $60,000, 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.
It has a useful life of 10 years. What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2018
Discussion-Techniques and Tools for Managing the Data
The cost of raw materials averaged $1,900 per batch. It takes Maria and Juanita 20 hours per batch to manufacture the jewelry.
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