Rotorua Rides Ltds profit for the year is $200 000. The comparative statement of financial position shows
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Rotorua Rides Ltd’s profit for the year is $200 000. The comparative statement of financial position shows these changes in non-cash current asset accounts: Accounts Receivable decrease $80 000, Prepaid Expenses increase $12 000, and Inventories increase $30 000. Reconcile net cash provided by operating activities to profit.
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Related Book For
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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