Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is...
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Reporting Net Cash Flow from Operating Activities The income statement for Granville Manufacturing Company is presented below. The following balance sheet changes occurred during the year: - Accounts receivable increased by $182,400. - Inventory increased by $98,725. - Prepaid expenses decreased by $64,100. - Accounts payable increased by $45,450. - Salaries payable increased by $61,920. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Granville Manufacturing Company 10 more Check My Work uses remaining. The following balance sheet changes occurred during the year: - Accounts receivable increased by $182,400. - Inventory increased by $98,725. - Prepald expenses decreased by $64,100. - Accounts payable increased by $45,450. - Salaries payable increased by $61,920. Required: Prepare the net cash flows from operating activities using the indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Granville Manufacturing Company 10 more Check My Work uses remaining
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