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Brief Exercise 23-10 Novak Corporation reported net income of $54,200 in 2017. Depreciation expense was $15,700. The following working capital accounts changed. Accounts receivable Available-for-sale
Brief Exercise 23-10 Novak Corporation reported net income of $54,200 in 2017. Depreciation expense was $15,700. The following working capital accounts changed. Accounts receivable Available-for-sale debt securities16,900 increase Inventony Nontrade note payable Accounts payable 11,100 increase 7,400 increase 14,100 decrease 12,900 increase Compute net cash provided by operating activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Novak Corporation Statement of Cash Flows (Partial) Adjustments to reconcile net income to
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