solutions Direct Method Cash collected Less cash paid for: Inventory Selling & administrative
solutionsDirect Method
Cash collected
Less cash paid for:
Inventory
Selling & administrative
Interest expense
Income taxes
Net cash provided by operating activities
Indirect Method
Net income
Accounts payable decreased
Accounts receivable increased
Prepaid expenses increased
wages payable increased
Inventory
Income taxes payable decreased
Depreciation
Gain on sale of equipment
Net cash provided by operating activities
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