The comparative balance sheets for Mogilny Tours show the following changes in noncash current asset accounts: Accounts

Question:

The comparative balance sheets for Mogilny Tours show the following changes in noncash current asset accounts: Accounts receivable decrease $75,000; prepaid expenses increase $16,000; and inventories increase $30,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $250,000.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...