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LaVine Company reported net Income of $200,000 for the year ended December 31, 2022. During the year, inventories decreased by $60,000, accounts payable decreased
LaVine Company reported net Income of $200,000 for the year ended December 31, 2022. During the year, inventories decreased by $60,000, accounts payable decreased by $40,000, depreciation expense was $1500 and a gain on disposal of equipment of $45,000 was recorded. Net cash provided by operating activities in 2022 using the Indirect method was $215,000. $240.000. $190,000. $280,000.
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