The comparative balance sheets for Bonita Industries show these changes in noncash current asset accounts: accounts receivable decreased $75,000, prepaid expenses increased $23,000, and inventories increased $35,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $181,000. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Bonita Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to 12:42 PM 4/25/2020 5. F6 F7 F8 PrtSc Insert Delete 44 F9 F10 F11 F12 4 Backspace Num Lock Home к L. 11 11 + %24

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The comparative balance sheets for Bonita Industries show these changes in noncash current asset accounts: accounts receivable decreased $75,000,
prepaid expenses increased $23,000, and inventories increased $35,000.
Compute net cash provided by operating activities using the indirect method, assuming that net income is $181,000. (Show amounts that decrease
cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).)
Bonita Industries
Statement of Cash Flows-Indirect Method
Adjustments to reconcile net income to
12:42 PM
4/25/2020
5.
F6
F7
F8
PrtSc
Insert
Delete
44
F9
F10
F11
F12
4
Backspace
Num
Lock
Home
к
L.
11
11 +
%24
Transcribed Image Text:The comparative balance sheets for Bonita Industries show these changes in noncash current asset accounts: accounts receivable decreased $75,000, prepaid expenses increased $23,000, and inventories increased $35,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is $181,000. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) Bonita Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to 12:42 PM 4/25/2020 5. F6 F7 F8 PrtSc Insert Delete 44 F9 F10 F11 F12 4 Backspace Num Lock Home к L. 11 11 + %24
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