Cain Inc. reports net income of $18,600. Its comparative balance sheet shows the following changes: accounts receivable increased $9,600; inventory decreased $11,600; prepaid insurance decreased $4,600; accounts payable increased $6,600 and taxes payable decreased $5,600. Required:
Compute cash flows from operations using the indirect method.

Someone knows the answer i need in the exam

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of: