Sunday, January 8, 2012

Accounting: Compute net cash provided by operating activities using the indirect method?

The comparative balance sheets for Goltra Company show these changes in noncash current et accounts: accounts receivable decrease $80,000, prepaid expenses increase $28,000, and inventories increase $30,000. Compute net cash provided by operating activities using the indirect method uming that net income is $200,000.

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