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Reporting Net Cash Flow from Operating Activities The income statement for Granvilie Manufacturing Company is presented below. The following balance sheet changes occurred during the
Reporting Net Cash Flow from Operating Activities The income statement for Granvilie Manufacturing Company is presented below. The following balance sheet changes occurred during the year: - Accounts recelvable increased by $182,400. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $42,750. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $42,750. - Salaries payable increased by $52,270. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or casi outflows. Granville Manufacturing Company Net Cash Flows from Operating Activities (Indirect Method)
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