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Brief Exercise 13-6 The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $82,600, prepaid expenses increase
Brief Exercise 13-6 The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $82,600, prepaid expenses increase $24,200, and inventories increase $30,400 Compute net cash provided by operating activities using the indirect method assuming that net incomme is $271,400. (Show amounts that decrease cash flow with either a or in parenthesis e.g. (15,000).) sign e.g. -15,000 Montalvo Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to LINK TO TEXT
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