A company reports net income of $$8,\mathrm{}900$ for the year During the year, the company reports an $$8\mathrm{}90$ loss from retirement of notes and a gain of $$1,\mathrm{}420$ from the sale of equipment Also, depreciation expense is $$2,9\mathrm{}80$The only change in current assets and current liabilities was a $$4\mathrm{}70$ increase in inventory Compute net cash provided by operating activities using the indirect method Note: Amounts to be deducted should be indicated with a minus sign 

Answer rating: 100% (QA)

To compute the net cash provided by operating activities using the indirect method we start with the ... View the full answer