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Current Attempt in Progress Sheridan Company reported net income of $0.50 million in 2022. Depreciation for the year was $80,000, accounts receivable decreased $175,000, and
Current Attempt in Progress Sheridan Company reported net income of $0.50 million in 2022. Depreciation for the year was $80,000, accounts receivable decreased $175,000, and accounts payable decreased $140,000. 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).) Sheridan Company Statement of Cash Flows-Indirect Approach $ Adjustments to reconcile net income to $ $
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