The current sections of Scooters Rentals balance sheets at December 31, 2017 and 2016, are presented here.
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Instructions
Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2017, using the indirect method.
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2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $105,000 110,000 158,000 27,000 $400,000 $ 99,000 89,000 172,000 22,000 $382,000 Total current assets Current liabilities Accrued expenses payable Accounts payable 15,000 85,000 $100,000 $ 5,000 92,000 $ 97,000 Total current liabilities
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Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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