Question: The comparative balance sheets for Wildhorse Co. show these changes in noncash current asset accounts: accounts receivable decreased $85,000, prepaid expenses increased $33,000, and inventories
The comparative balance sheets for Wildhorse Co. show these changes in noncash current asset accounts: accounts receivable decreased $85,000, prepaid expenses increased $33,000, and inventories increased $45,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $191,000. (Show amounts that decrease cosh flow with either a-sign eg 15,000 or in parenthesis eg. (15,000)J)
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