In 2012,Jaycox Custom Bikes Had Net Income of $575,000 Compute the Net Cash Provided by Operating Activities Using the Recorded

question 53

Essay

In 2012,Jaycox Custom Bikes had net income of $575,000.Jaycox also recorded $215,000 in depreciation.The company also had the following changes in its balance sheet accounts.
$\begin{array}{ll}\text { Accounts Receivable } & \$ 26,000 \text { increase } \\\text { Inventories } & 11,000 \text { decrease } \\\text { Accounts Payable } & 19,000 \text { decrease }\end{array}$
Compute the net cash provided by operating activities using the indirect method.

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Top executives in charge of overseeing the operations and strategic direction of an organization.

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The connection and sense of solidarity that develops among members of a group or community.

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