Nebraska Auto Parts Company Uses the Indirect Method to Prepare

question 12

Essay

Nebraska Auto Parts Company uses the indirect method to prepare the statement of cash flows.Refer to the following income statement:
Additional information provided by the company includes the following:
Current assets other than cash increase by $36,000.
Current liabilities decrease by $1,500.
Prepare the operating activities section of the statement of cash flows.

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Definitions:

Gluteus Medius

A muscle located on the outer surface of the hip, crucial for stabilizing the pelvis and facilitating leg movement.

Biceps Brachii

A muscle located in the upper arm responsible for bending the elbow and rotating the forearm.

External Oblique

A muscle located in the outer layer of the abdomen, responsible for rotating and flexing the trunk of the body.

Antagonist

A substance that acts against and blocks an action by attaching to and inhibiting the function of a receptor.