Business, 06.05.2021 21:30 ivannis875
Cain Inc. reports net income of $18,600. Its comparative balance sheet shows the following changes: accounts receivable increased $9,600; inventory decreased $11,600; prepaid insurance decreased $4,600; accounts payable increased $6,600 and taxes payable decreased $5,600.
Required:
Compute cash flows from operations using the indirect method.
Answers: 2
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Cain Inc. reports net income of $18,600. Its comparative balance sheet shows the following changes:...
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