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The comparative balance sheets for Metlock, Inc. show these changes in noncash current asset accounts: accounts receivable decreased $76,000, prepaid expenses increased $24,000, and inventories
The comparative balance sheets for Metlock, Inc. show these changes in noncash current asset accounts: accounts receivable decreased $76,000, prepaid expenses increased $24,000, and inventories increased $36,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $182,000. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis eg. (15,000).) The comparative balance sheets for Metlock, Inc. show these changes in noncash current asset accounts: accounts receivable decreased $76,000, prepaid expenses increased $24,000, and inventories increased $36,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $182,000. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis eg. (15,000).)
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