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Brief Exercise 1 1 - 7 ( Algo ) Calculate operating activities - indirect method ( LO 1 1 - 3 ) , Engineering Wonders
Brief Exercise Algo Calculate operating activitiesindirect method LO Engineering Wonders reports net income of $ million. Included in that number is building depreciation expense of $ million and a gain on the sale of land of $ million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $ million, $ million, and $ million, respectively. Prepare the operating activities section of Wonders' statement of cash flows using the indirect method. Amounts to be deducted should be indicated with a minus sign. Round your answers to decimal place. Enter your answers in millions ie $ should be entered as tableENGINEERING WONDERS,Statement of Cash Flows partialCash flows from operating activities,,Adjustments to reconcile net income to net cash flows from operating activities:,,Net cash flows from operating activities,,
Brief Exercise Algo Calculate operating activitiesindirect method LO
Engineering Wonders reports net income of $ million. Included in that number is building depreciation expense of $ million and a gain on the sale of land of $ million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $ million, $ million, and $ million, respectively.
Prepare the operating activities section of Wonders' statement of cash flows using the indirect method. Amounts to be deducted should be indicated with a minus sign. Round your answers to decimal place. Enter your answers in millions ie $ should be entered as
tableENGINEERING WONDERS,Statement of Cash Flows partialCash flows from operating activities,,Adjustments to reconcile net income to net cash flows from operating activities:,,Net cash flows from operating activities,,
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