Current Attempt in Progress The comparative balance sheets for Wildhorse Company show these changes in noncash current asset accounts: accoun decreased $68,000, prepaid expenses increased $16,000, and inventories increased $28,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $176,000. (Sho that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) WILDHORSE COMPANY Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to LA $
Current Attempt in Progress The comparative balance sheets for Wildhorse Company show these changes in noncash current asset accounts: accoun decreased $68,000, prepaid expenses increased $16,000, and inventories increased $28,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $176,000. (Sho that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) WILDHORSE COMPANY Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to LA $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Current Attempt in Progress
The comparative balance sheets for Wildhorse Company show these changes in noncash current asset accounts: accoun
decreased $68,000, prepaid expenses increased $16,000, and inventories increased $28,000.
Compute net cash provided by operating activities using the indirect method, assuming that net income is $176,000. (Sho
that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
WILDHORSE COMPANY
Statement of Cash Flows (Partial) - Indirect Method
Adjustments to reconcile net income to
LA
$
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