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alexira [117]
3 years ago
5

The comparative balance sheets for Pina Colada Corp. show these changes in noncash current asset accounts: accounts receivable d

ecreased $78,500, prepaid expenses increased $28,200, and inventories increased $41,700. Compute net cash provided by operating activities using the indirect method, assuming that net income is $226,500.
Business
1 answer:
Verdich [7]3 years ago
4 0

Answer:

Cash Flow from Operating Activities

Net Income                                                  $226,500

Decrease in Accounts Receivable             $78,500

Increase in Prepaid Expenses                   -$28,200

Increase in Inventories                               -$41,700

Cash Provided by Operating Activities    $235,100

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