Oriel Exercie 12-6 r arr is partially corect. Try again. The cemearabve balance sheets for Sheridan Company show these changes in noncash current asset accounts: accounts receivable decreased $75,100, prepaid expenses increased $28,300, and Cympute net cash provided by operating activities using the indirect method, assuming that net income is $169,100. (Show amounts that decrease cash flow with either a-sign eg-13o00 Sheridan Company Statement of Cash Flows-Indirect Method Cosh Flows from Operating Activities Net Income 169100 Adjustments to reconcile net income to Net Decrease in Cash Decrease in Accounts Receivable v 75100 Increase in Prepaid Expenses 28300 41400 Increase in Inventories 24300 144800 Net Cash used by Financing Activities 4lu ts Chau Work for this question: Open Show Work

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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S Niel, Financial Accounting, Se
Hele 1 Beteen An ts
Brief Exercise 12-6
Your answer is partially correct. Try again.
alie balance sheets for Sheridan Company show these changes in noncash current asset accounts: accounts receivable decreased $75,100, prepaid expenses increased $28,300, and imverdories inca
de t cash provided by operating activities using the indirect method, assuming that net income is $169,100. (Show amounts that decrease cash flow with either a-sign eg 15,000 or in n f
Sheridan Company
Statement of Cash Flows-Indirect Method
Cash Flows from Operating Activities
Net Income
169100
Adjustments to reconcile net income to
Net Decrease in Cash
Decrease in Accounts Receivable V
75100
Increase in Prepaid Expenses
28300
ncrease in Inventories
41400
24300
et Cash used by Financing Activities
144800
Click if you would like to Show Work for this question: Qpen Show Work
Transcribed Image Text:S Niel, Financial Accounting, Se Hele 1 Beteen An ts Brief Exercise 12-6 Your answer is partially correct. Try again. alie balance sheets for Sheridan Company show these changes in noncash current asset accounts: accounts receivable decreased $75,100, prepaid expenses increased $28,300, and imverdories inca de t cash provided by operating activities using the indirect method, assuming that net income is $169,100. (Show amounts that decrease cash flow with either a-sign eg 15,000 or in n f Sheridan Company Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income 169100 Adjustments to reconcile net income to Net Decrease in Cash Decrease in Accounts Receivable V 75100 Increase in Prepaid Expenses 28300 ncrease in Inventories 41400 24300 et Cash used by Financing Activities 144800 Click if you would like to Show Work for this question: Qpen Show Work
IS
Kinamel, Fimaacial Accourtin, Se
Hele I Ssteem Anomceewsts
riel Exercise 12-6
Your answver is partially correct. Try again.
halance sheets for Sheridan Company show these changes in noncash current asset accounts: accounts receivable decreased $75,100, prepaid expenses increased $28,300, and inwertories ineRased Ses.o
Compute net cash provided by operating activities using the indirect method, assuming that net income is $169,100. (Show amounts that decrease cash flow with either a-sign eg.-15,000 cr
d$41,400
Sheridan Company
Statement of Cash Flows-Indirect Method
Cash Flows from Operating Activities
Net Income
169100
Adjustments to reconcile net income to
Net Decrease in Cash
Decrease in Accounts Receivable V
75100
Increase in Prepaid Expenses
28300
41400
Increase in Inventories
24300
144800
Net Cash used by Financing Activities
Click if you would like to Show Work for this question: Open Show Work
Transcribed Image Text:IS Kinamel, Fimaacial Accourtin, Se Hele I Ssteem Anomceewsts riel Exercise 12-6 Your answver is partially correct. Try again. halance sheets for Sheridan Company show these changes in noncash current asset accounts: accounts receivable decreased $75,100, prepaid expenses increased $28,300, and inwertories ineRased Ses.o Compute net cash provided by operating activities using the indirect method, assuming that net income is $169,100. (Show amounts that decrease cash flow with either a-sign eg.-15,000 cr d$41,400 Sheridan Company Statement of Cash Flows-Indirect Method Cash Flows from Operating Activities Net Income 169100 Adjustments to reconcile net income to Net Decrease in Cash Decrease in Accounts Receivable V 75100 Increase in Prepaid Expenses 28300 41400 Increase in Inventories 24300 144800 Net Cash used by Financing Activities Click if you would like to Show Work for this question: Open Show Work
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