Question
1. Accounts receivables increased $320,000 during the year, and inventory decreased $590,000. 2. Prepaid expenses, which relate to administrative expenses, increased $100,000 during the year.
1. Accounts receivables increased $320,000 during the year, and inventory decreased $590,000. 2. Prepaid expenses, which relate to administrative expenses, increased $100,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $360,000 during the year. 4. Accrued salaries payable decreased $140,000 during the year and income tax payable increased $80,000 during the year. How would I make the operating activities section of the statement of cash flows for the year needed November 30, 2018 for the Grouper Corporation using the indirect method.
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