The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for th

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answerhappygod
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The Meta company uses indirect method for preparing its statement of cash flows. It reported a profit of $250,000 for th

Post by answerhappygod »

The Meta company
uses indirect method for preparing its statement of cash flows. It
reported a profit of $250,000 for the year 2018.
During the year
2016, the working capital accounts were changed as follows:
Decrease in accounts receivable: $45,000
Decrease in
accounts payable: $36,600 Increase in inventory: $56,800
The depreciation expense was $66,000
for the year 2018.
Compute
net cash
provided (used)
by operating
activities using
indirect method?
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