The income statement of Pharoah Company is presented here. 1. Accounts receivable decreased $386,500 during...
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The income statement of Pharoah Company is presented here. 1. Accounts receivable decreased $386,500 during the year, and inventory decreased $324,900. 2. Prepaid expenses increased $147,600 during the year. 3. Accounts payable to suppliers of inventory decreased $346,300 during the year. 4. Accrued expenses payable decreased $98,700 during the year. 5. Administrative expenses include depreciation expense of $111,200. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2025, for Pharoah Company, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Statement of Cash Flows (Partial) - Indirect Method For the Year Ended November 30, 2025 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Cash at Beginning of Period Decrease in Accounts Receivable Decrease in Inventorv Decrease in Inventory Decrease in Prebaid Expenses Decrease in Accounts Payable Decrease in Accrued Expenses Payable Net Cash Provided by Operating Activities 147600
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The income statement of Pharoah Company is presented here. 1. Accounts receivable decreased $386,500 during the year, and inventory decreased $324,900. 2. Prepaid expenses increased $147,600 during the year. 3. Accounts payable to suppliers of inventory decreased $346,300 during the year. 4. Accrued expenses payable decreased $98,700 during the year. 5. Administrative expenses include depreciation expense of $111,200. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2025, for Pharoah Company, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Statement of Cash Flows (Partial) - Indirect Method For the Year Ended November 30, 2025 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Cash at Beginning of Period Decrease in Accounts Receivable Decrease in Inventorv Decrease in Inventory Decrease in Prebaid Expenses Decrease in Accounts Payable Decrease in Accrued Expenses Payable Net Cash Provided by Operating Activities 147600 