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Brief Exercise 12-6 The comparative balance sheets for Marigold Corp. show these changes in noncash current asset accounts: accounts receivable decreased $80,600, prepaid expenses increased
Brief Exercise 12-6 The comparative balance sheets for Marigold Corp. show these changes in noncash current asset accounts: accounts receivable decreased $80,600, prepaid expenses increased $30,700, and inventories increased $39,100. Compute net cash provided by operating activities using the indirect method, assuming that net income is $199,700. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Marigold Corp. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to Open Show Work Click if you would like to Show Work for this
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