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I done from here please tell me last blanks of this question correcly The accounting records of Nunavut Fur Traders include these accounts: (Click the
I done from here please tell me last blanks of this question correcly
The accounting records of Nunavut Fur Traders include these accounts: (Click the icon to view the accounts.) Required Compute Nunavut's net cash provided by (used for) operating activities during May. Use the indirect method. Do you see any potential problems in Nunavut's cash flows from operations? How can you tell? Begin by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for negative amounts.) Cash flows from operating activities: Net income 40.000 Adjustment to reconcile net income to net cash provided by used for operating activities: Depreciation 8,000 Increase in accounts receivable (166,400) Increase in inventory (160,000) Increase in accounts payable 158.400 Decrease in accrued liabilities (8.000) (168,000) Net cash provided by (used for operating activities (128,000) Do you see any potential problems in Nunavut's cash flows from operations? How can you tell? Nunavut shows collecting receivables and selling inventory. There isStep by Step Solution
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