Question
The comparative balance sheets for Novak Corp. show these changes in noncash current asset accounts: accounts receivable decreased $84,100, prepaid expenses increased $24,100, and inventories
The comparative balance sheets for Novak Corp. show these changes in noncash current asset accounts: accounts receivable decreased $84,100, prepaid expenses increased $24,100, and inventories increased $40,800. Compute net cash provided by operating activities using the indirect method, assuming that net income is $189,200. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Novak Corp. Statement of Cash Flows-Indirect Method | ||
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Select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash | ||
Select a cashflow item Net IncomeDecrease in Accounts ReceivableIncrease in Accounts ReceivableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesIncrease in InventoryDecrease in Inventory | $Enter a dollar amount | |
Adjustments to reconcile net income to | ||
Select an opening subsection name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash | ||
Select a cashflow item Net IncomeDecrease in Accounts ReceivableIncrease in Accounts ReceivableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesIncrease in InventoryDecrease in Inventory | $Enter a dollar amount | |
Select a cashflow item Net IncomeDecrease in Accounts ReceivableIncrease in Accounts ReceivableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesIncrease in InventoryDecrease in Inventory | Enter a dollar amount | |
Select a cashflow item Net IncomeDecrease in Accounts ReceivableIncrease in Accounts ReceivableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesIncrease in InventoryDecrease in Inventory | Enter a dollar amount | |
Enter a total of the three previous amounts | ||
Select a closing name for this section Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash |
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