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Brief Exercise 12-5 The net income for Waterway Industries for 2017 was $291,600. For 2017, depreciation on plant assets was $63,500, and the company incurred
Brief Exercise 12-5 The net income for Waterway Industries for 2017 was $291,600. For 2017, depreciation on plant assets was $63,500, and the company incurred a loss on disposal of plant assets of $29,500 Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a -sign e.g -15,000 or in parenthesis e.g. (15,000).) Waterway Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to
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