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ES Brief Exercise 12-06 The comparative balance sheets for Sheffield Corp

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ES Brief Exercise 12-06 The comparative balance sheets for Sheffield Corp. show these changes in noncash current asset accounts: accounts receivable decrease $81,100, prepaid expenses increase $24,700, and inventories increase $33,400. Compute net cash provided by operating activities using the indirect method assuming that net income is $235,600. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Sheffield Corp. Statement of Cash Flows-Indirect Method s Adjustments to reconcile net income to V V Click if you would like to Show Work for this question: Open Show Work vacy Policy | © 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.2