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The accounting records of Northern Fur Traders include these accounts: (Click the icon to view the accounts.) Required Compute Northern's net cash provided by
The accounting records of Northern Fur Traders include these accounts: (Click the icon to view the accounts.) Required Compute Northern's net cash provided by (used for) operating activities during December. Use the indirect method. Do you see any potential problems in Northern'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 Adjustment to reconcile net income to 50000 net cash provided by (used for) operating activities: Depreciation 10000 Increase in accounts receivable Increase in inventory Increase in accounts payable Decrease in accrued liabilities (10000) Net cash provided by (used for) operating activities
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