Question: The comparative balance sheets for Marigold Corp. show these changes in noncash current asset accounts: accounts receivable decreased $76,700, prepaid expenses increased $25,900, and
The comparative balance sheets for Marigold Corp. show these changes in noncash current asset accounts: accounts receivable decreased $76,700, prepaid expenses increased $25,900, and inventories increased $44,600. Compute net cash provided by operating activities using the indirect method, assuming that net income is $197,900. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Marigold Corp. Statement of Cash Flows-Indirect Method v Adjustments to reconcile net income to $ $
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