Prepare the net cash provided by operating activities section of the companys statement of cash...
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Accounting
Prepare the net cash provided by operating activities section of the companys statement of cash flows for the year ended December 31,2017, using the indirect method.( Show amounts that decrease cash flow with either - sign e.g -15,000 or in parenthesis e.g (15,000).)
Exercise 17-5 The current sections of Scoggin Inc.s balance sheets at December 31, 2016 and 2017, are presented here. Scoggin's net income for 2017 was $152,800. Depreciation expense was $24,400. 2017 2016 Current assets Cash Accounts receivable Inventory Prepaid expenses $106,100 110,100 158,300 26,900 $96,800 80,300 171,500 25,300 5401.400373.900 Total current assets Current liabilities Accrued expenses payable Accounts payable $14,900 84,800 $99,700 $9,200 95,900 $105,100 Total current liabilities
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