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The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $80,000, prepaid expenses increase $24,300, and inventories
The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $80,000, prepaid expenses increase $24,300, and inventories increase $31,500. Compute net cash provided by operating activities using the indirect method assuming that net income is $238,400. (Show amounts that decrease cash flow with either a - sign e.g. -15 or in parenthesis e.g. (15,000).) Montalvo Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to $ A
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