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Optics Company Uses the Direct Method for Preparing Its Statement

question 128

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Optics Company uses the direct method for preparing its statement of cash flow. Optics reports the following information regarding 2019: From the income statement:
Sales Revenues, $266,000
Cost of Goods Sold, $210,000
Operating Expenses, $32,000
Net Income $24,000
From the balance sheet:
 Beginning Balance  Ending Balance  Accounts Receivable $14,800$18,200 Merchandise Inventory 23,50017,900 Accounts Payable 660013,500 Accrued Liabilities 43002000\begin{array} { | l | r | r | } \hline & \text { Beginning Balance } & \text { Ending Balance } \\\hline \text { Accounts Receivable } & \$ 14,800 & \$ 18,200 \\\hline \text { Merchandise Inventory } & 23,500 & 17,900 \\\hline \text { Accounts Payable } & 6600 & 13,500 \\\hline \text { Accrued Liabilities } & 4300 & 2000 \\\hline\end{array} Assume that there were no sales of long-term assets, no interest revenue, and no expenses other than the expenses shown above. Also, assume that Accounts Payable are for purchases of merchandise inventory only. Accrued liabilities relate to operating expenses. What amount will be shown for the net cash provided by operating activities?


Definitions:

Disorder

A disruption of normal functions or systems, often referring to psychological or physical health conditions.

Selective Attention

The cognitive process of focusing on a particular object or task in the environment while ignoring others.

Schizophrenia

A serious mental illness marked by significant impairments in cognition, perception, feelings, speech, self-identity, and actions.

Paranoid Schizophrenia

A subtype of schizophrenia characterized by prominent delusions of persecution or grandeur, often accompanied by auditory hallucinations.

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