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Blue Spruce Corp.reported net income of $1.65 million in 2022. Depreciation for the year was $264,000, accounts receivable decreased $577,500, and accounts payable decreased $462,000.
Blue Spruce Corp.reported net income of $1.65 million in 2022. Depreciation for the year was $264,000, accounts receivable decreased $577,500, and accounts payable decreased $462,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Blue Spruce Corp Statement of Cash Flows-Indirect Approach $ Adjustments to reconcile net income to > $
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