Question

OMAR Company. reported net income of $53,000; depreciation expenses of $11,000; a gain on a land sale of $3,000; and a decrease in Accounts Receivable of $3,500. Under the indirect method, net Cash Flows from operations is:
Select one:
a. $70,500.
b. $67,500.
c. $57,500.
d. $64,500.

Please Solve As soon as
Solve quickly I get you two UPVOTE directly
Thank's
Abdul-Rahim Taysir

Answer 1

Calculations	Particulars	Amount $
A	Net Income	53,000
	Add : Non Cash Expenses
B	Depreciation Expense	11,000
	Add: Decrease in Current Assets and Increase in current liabilities
C	Decrease in Accounts Receivable	3,500
	Less: Non Operating Income
D	Gain on sale of land	(3,000)
E = A+B+C+D	Cash Flows from Operating Activities	64,500

So, as per above discussion, option d is the correct option