Question
Oriole Company had net income of $996800 for the year ending 12/31/2022. Depreciation expense for 2022 is $123200. During the year, accounts receivable and inventory
Oriole Company had net income of $996800 for the year ending 12/31/2022. Depreciation expense for 2022 is $123200. During the year, accounts receivable and inventory increased $67200 and $179200, respectively. Prepaid expenses and accounts payable decreased $8960 and $17920, respectively. There was also a loss on the sale of equipment of $13440. How much cash was provided by operating activities in 2022?
Sunland Company reported net income of $152,000. For 2022, depreciation was $45,800, and the company reported a gain on sale of investments of $12,800. Accounts receivable increased $25,800 and accounts payable decreased $23,800. Compute net cash provided by operating activities using the indirect method.
Net cash provided by operating activities | $enter the net cash provided by operating activities in dollars? |
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