Question: ment CALCULATOR FULL SCREEN TER VERSION BACK NEXT Brief Exercise 17-06 The comparative balance sheets for Montalvo Company show these changes in noncash current asset

ment CALCULATOR FULL SCREEN TER VERSION BACK NEXT Brief Exercise 17-06 The comparative balance sheets for Montalvo Company show these changes in noncash current asset accounts: accounts receivable decrease $80,000, prepaid expenses increase $28,000, and inventories increase $30,000. Compute net cash provided by operating activities using the indirect method assuming that net income is $300,000. (Show amounts that decrease cash flow with either a sign .g. 15,000 or in parenthesis e.g. (15,000).) Montalvo Company Statement of Cash Flows-indirect Method Adjustments to reconcile net income to

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