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Cain Incorporated reports net income of $18.000. lis comparative balance sheet shows the following changes. accounts recelvable increased $9.000; inventory decreased $11,000, prepaid insurance decreased
Cain Incorporated reports net income of $18.000. lis comparative balance sheet shows the following changes. accounts recelvable increased $9.000; inventory decreased $11,000, prepaid insurance decreased $4,000; accounts payable increased $6.000, and taxes payable decreased $5,000. Compute cash flows from operations using the indirect method Note: Amounts to be deducted should be indicated by a minus sign. Cain Incorporated reports net income of $18.000. lis comparative balance sheet shows the following changes. accounts recelvable increased $9.000; inventory decreased $11,000, prepaid insurance decreased $4,000; accounts payable increased $6.000, and taxes payable decreased $5,000. Compute cash flows from operations using the indirect method Note: Amounts to be deducted should be indicated by a minus sign
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