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The comparative balance sheets for Waterway Industries show these changes in noncash current asset accounts: accounts receivable decreased $86,000. prepaid expenses increased $34,000, and inventories
The comparative balance sheets for Waterway Industries show these changes in noncash current asset accounts: accounts receivable decreased $86,000. prepaid expenses increased $34,000, and inventories increased $46,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $192,000. (Show amounts that decrease cash flow with either a - signe.g. - 15,000 or in parenthesis eg. (15,000).) Waterway Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to
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