Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 62

Patterson Company reported net income for the current year of $722,000.uring the year the company's accounts receivable increased by $50,000, inventory decreased by $23,000, accounts payable decreased by $55,000, and accrued expenses payable increased by $14,000.etermine the amount of cash provided by or used for operating activities by the indirect method.