The comparative balance sheets for Gale Company show these changes in noncash current asset accounts: Accounts Receivable

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The comparative balance sheets for Gale Company show these changes in noncash current asset accounts: Accounts Receivable increased $80,000, Prepaid Expenses decreased $28,000, and Inventory increased $30,000. Calculate net cash provided by operating activities using the indirect method assuming that profit is $300,000 for the year ended May 31, 2024.

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Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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