Question: The comparative balance sheets for Cullumber Company show these changes in noncash current accounts: Accounts Receivable increased $14,000. Prepaid Expenses decreased $15.900, and Inventory decreased
The comparative balance sheets for Cullumber Company show these changes in noncash current accounts: Accounts Receivable increased $14,000. Prepaid Expenses decreased $15.900, and Inventory decreased $27.900. Accounts payable increased $19,800. Calculate net cash provided by operating activities using the indirect method assuming that profit is $372,000 for the year ended June 30, 2021. Depreciation expense for the year was $39,700 and the company incurred a gain on sale of equipment of $31,000. (Show amounts that decrease cash flow with other signes -15,000 or in parenthesses (15,0001) Net cash operating activities $
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