Question: Please answer question #36, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! The comparative balance sheets for Concord Corporation show these changes in noncash
The comparative balance sheets for Concord Corporation show these changes in noncash current asset accounts: accounts receivable decreased $71,000, prepaid expenses increased $19,000, and inventories increased $31,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $177,000. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis eg. (15,000).) Concord Corporation Statement of Cash Flows-Indirect Method V Adjustments to reconcile net income to
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