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Oriole Company reported net income of $2.6 million in 2022. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200.
Oriole Company reported net income of $2.6 million in 2022. Depreciation for the year was $157,700, accounts receivable decreased $375,000, and accounts payable decreased $267,200. 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).) Oriole Company Statement of Cash Flows-Indirect Approach For the Year Ended 2022 $ Adjustments to reconcile net income to $ $ Adjustments to reconcile net income to $ Save for Later Last saved 28 seconds ago. Attempts: 0 of 2 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes
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