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The comparative balance sheets for Oriole Company show these changes in noncash current asset accounts: accounts receivable decrease $80,000, prepaid expenses increase $28,500, and inventories
The comparative balance sheets for Oriole Company show these changes in noncash current asset accounts: accounts receivable decrease $80,000, prepaid expenses increase $28,500, and inventories increase $33,500 compute net cash provided by operating activities using the indirect method assuming that net income is S268 SI O sign e.g. -15,000 or in parenthesis e.g. (15,000).) Sho ,a un stat decrease cash o e era Oriole Company Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income 268900 Adjustments to reconcile net income to Net Cash Used by Operating Activities Decrease in Accounts Receivable 80000 Increase in Prepaid Expenses (28500) Increase in Inventory (33500) 18000 Net Cash Provided by Operating Activities 286900 LINK TO TEXT VIDEO TUTORIAL
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