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The comparative balance sheets for Novak Company show these changes in noncash current. asset accounts: accounts receivable decreased $84,300, prepaid expenses increased $23,600, and inventories
The comparative balance sheets for Novak Company show these changes in noncash current. asset accounts: accounts receivable decreased $84,300, prepaid expenses increased $23,600, and inventories increased $41,500. Compute net cash provided by operating activitis using the indirect method, assuming that net income is $203,400. (Show omounts that decrease cash flow with elther a - slgn eg 15,000 or in parenthesis e.g. (15,000).) Novak Company Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to
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