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Marking 19500 and 3200 wrong? Swifty Corporation reported net income of $199,700 for 2022 . Switty also reported depreciation expense of 547,000 and a loss
Marking 19500 and 3200 wrong? Swifty Corporation reported net income of $199,700 for 2022 . Switty also reported depreciation expense of 547,000 and a loss of $6,100 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $19,500 for the year, a $21,500 increase in accounts payable, and a $3,200 increase in prepaid expenses. Prepare the operating activities section of the statement of eash flows for 2022 . Use the indirect method. (Show amounts that decrease cash flow with either a-sign e.3. 15,000 or in parenthesis e.g. (15,000).) Question 4 of 5 Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31,2022; Cash Flows from Operating Activities Net lncome Adjustments to reconcile net income to Net Cash Provided by Operating Activities : Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Receivable : 19500 Increase in Prepaid Expenses 3200 Increase in Accounts Payable 21500 Net Cash Provided by Operating Activities : eTextbook and Media Assistance Used Sive for Later Attempts: 2 of 3 used Submit
Marking 19500 and 3200 wrong?
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