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S 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $15,600. Its comparative balance sheet shows the following
S 12-4 (Algo) Indirect: Computing cash flows from operations LO P2 Cain Incorporated reports net income of $15,600. Its comparative balance sheet shows the following changes: accounts receivable increased $6,600; inventory decreased $8,600; prepaid insurance decreased $1,600; accounts payable increased $3,600; and taxes payable decreased $2,600. Compute cash flows from operations using the indirect method
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