Question
The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for the year 2018. During
The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for the year 2018. During the year 2016, the working capital accounts were changed as follows: Decrease in accounts receivable: $45,000 Decrease in accounts payable: $36,600 Increase in inventory: $56,800 The deprec ation expense was $66,000 for the year 2018. Compute net cash provided (used) by operating activities using indirect method
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