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The comparative balance sheets for Swifty Corporation show these changes in noncash current asset accounts: accounts receivable decrease $82,600, prepaid expenses increase $24,200, and inventories
The comparative balance sheets for Swifty Corporation show these changes in noncash current asset accounts: accounts receivable decrease $82,600, prepaid expenses increase $24,200, and inventories increase $30,400. Compute net cash provided by operating activities using the indirect method assuming that net income is $271,400. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Swifty Corporation Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to
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