Compute net cash provided by operating activities using the indirect method assu

Accounting
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The comparative balance sheets for Tobemory Company show these changes in noncash current asset accounts: accounts receivable increase $80,000, prepaid expenses decrease $28,000, and inventories decrease $30,000. Compute net cash provided by operating activities using the indirect method assuming that net income is $250,000.

Apr 21st, 2015

Net income $250,000

Increase in accounts receivable 80,000

Decrease in prepaid expenses 28,000

Decrease in inventories 30,000

250,000 - 80,000 - 28,000 -30,000 = 112,000

Apr 21st, 2015

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Apr 21st, 2015
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Apr 21st, 2015
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