The comparative balance sheets for Pharoah Company show these changes in noncash current asset accounts:
accounts receivable decreased $77,900, prepaid expenses increased
$29,000, and inventories increased $41,800.
Compute net cash provided by operating activities using the
indirect method, assuming that net income is
$187,400. (Show amounts that decrease cash flow
with either a - sign e.g. -15,000 or in parenthesis e.g.
(15,000).)
The Comparative Balance Sheets For Pharoah Company Show These Changes In Noncash Current Asset Accounts Accounts Receiv 1 (31.59 KiB) Viewed 65 times
Pharoah CompanyStatement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income $ 187400 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Receivable $ -77900 Increase in Prepaid Expenses -29000 Increase in Inventory -41800 -148700 Net Cash Provided by Operating Activities $ 38700
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