Question
Cheyenne Corp. reported net income of $176000 for the year ended December 31, 2022. During the year, inventories decreased by $35200, accounts payable decreased
Cheyenne Corp. reported net income of $176000 for the year ended December 31, 2022. During the year, inventories decreased by $35200, accounts payable decreased by $52800, depreciation expense was $39600 and a gain on disposal of equipment of $13200 was recorded. Net cash provided by operating activities in 2022 using the indirect method was $184800. $246400. $215600. $211200.
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
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