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Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is presented below. The following balance sheet changes occurred during the
Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is presented below. The following balance sheet changes occurred during the year: - Accounts receivable increased by $182,400. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $45,450. - Salaries payable increased by $61,920. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Granville Manufacturing Company 10 more Check My Work uses remaining. The following balance sheet changes occurred during the year: - Accounts receivable increased by $182,400. - Inventory increased by $98,725. - Prepald expenses decreased by $64,100. - Accounts payable increased by $45,450. - Salaries payable increased by $61,920. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Granville Manufacturing Company 10 more Check My Work uses remaining
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