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Brief Exercise 12-4 Novak Corp. reported net income of $1.7 million in 2017. Depreciation for the year was $144,300, accounts receivable decreased $378,900, and accounts
Brief Exercise 12-4 Novak Corp. reported net income of $1.7 million in 2017. Depreciation for the year was $144,300, accounts receivable decreased $378,900, and accounts payable decreased $297,100 . 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).) Novak Corp Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to
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