Question: The comparative balance sheets for Oriole Company show these changes in noncash current asset accounts: accounts receivable decreased $87,000, prepaid expenses increased $35,000, and inventories
The comparative balance sheets for Oriole Company show these changes in noncash current asset accounts: accounts receivable decreased $87,000, prepaid expenses increased $35,000, and inventories increased $47,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $193,000.
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