Question: The comparative balance sheets for Crane Company show these changes in noncash current asset accounts: Accounts Receivable increased $77,200, Prepaid Expenses decreased $27,020, and Inventory
The comparative balance sheets for Crane Company show these changes in noncash current asset accounts: Accounts Receivable increased $77,200, Prepaid Expenses decreased $27,020, and Inventory increased $28,950. Calculate net cash provided by operating activities using the indirect method assuming that profit is $289,500 for the year ended May 31, 2024. (Show amounts that decrease cash flow with either a -sign e.g. 15,000 or in parenthesis e.g. (15,000).) Net cash operating activities $ Attempts: 0 of 1 used
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