Question: The comparative balance sheets for Gale Company show these changes in non-cash current asset accounts: accounts receivable decreased $80,000, prepaid expenses increased $28,000, and inventories
The comparative balance sheets for Gale Company show these changes in non-cash current asset accounts: accounts receivable decreased $80,000, prepaid expenses increased $28,000, and inventories increased $40,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $186,000.
Step by Step Solution
3.38 Rating (164 Votes )
There are 3 Steps involved in it
Net income 186000 Adjustments to reconcile net income to net cash provided b... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
999-B-C-A-C-B-A-M (1646).docx
120 KBs Word File
