Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please fill in all the red ones. Those are the ones I got wrong. For the second picture, those are the options to choose from

Please fill in all the red ones. Those are the ones I got wrong.
For the second picture, those are the options to choose from for all 3 of the bottom red ones.
image text in transcribed
image text in transcribed
Brief Exercise 12-4 2 your answer is partially correct. Try again Indigo Corporation reported net income of $1.2 million in 2017. Depreciation for the year was $158,500, accounts receivable decreased $356,400, and accounts payable decreased $276.700. Compute net cash provided by operating activities using the Indirect approach. (Show amounts that decrease cash flow with either a sign eo.- 15,000 or in parenthesis ed. (15.000)) Indigo Corporation Statement of Cash Flows-Indirect Approach December 31, 2017 Cash at Beginning of Period Net Income 3200000 Adjustments to reconcile net income to Cast at End of Period Depreciation Expense 150500 Decrease in Account Payable 356400 Decrease in Account Receivable 276700 79700 3278800 Cash Flows from Operating Activities Indigo Corporation Statement of Cash Flows-Indirect Approach December 31, 2017 3200000 Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash Decrease in Account Receivabrev 158500 X 356400 X 276700 X 79700 X Cash Flows from Operating Activities 3278800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Financial Planning

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

15th Edition

9780357438480

Students also viewed these Accounting questions