S Cain Incorporated reports net income of $15,800. Its comparative balance sheet shows the following changes:...
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S Cain Incorporated reports net income of $15,800. Its comparative balance sheet shows the following changes: accounts receivable increased $6,800; inventory decreased $8,800; prepaid insurance decreased $1,800; accounts payable increased $3,800; and taxes payable decreased $2,800. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities. Changes in current assets and liabilities S Cain Incorporated reports net income of $15,800. Its comparative balance sheet shows the following changes: accounts receivable increased $6,800; inventory decreased $8,800; prepaid insurance decreased $1,800; accounts payable increased $3,800; and taxes payable decreased $2,800. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities. Changes in current assets and liabilities
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