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Help! Brief Exercise 13-6 The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $75,700, prepaid expenses
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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 $75,700, prepaid expenses increase $26,400, and inventories increase $33,500. Compute net cash provided by operating activities using the indirect method assuming that net income is $230,000. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Montalvo Company Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to $ $Step by Step Solution
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