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please which option should i select? > 1.05 Question 1 of 3 Your answer is partially correct. The net income for Mongan Co. for 2017

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> 1.05 Question 1 of 3 Your answer is partially correct. The net income for Mongan Co. for 2017 was $280,000. For 2017. depreciation on plant assets was $70,000, and the company incurred a loss on disposal of plant assets of $28,000, Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a-sign eg -15,000 or in parenthesis eg. (15,000).) Mongan Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Loss on Disposal of Plant Assets 280000 $ 28000 Depreciation Expense 70000 98000 Cash Flows from Operating Activities $ 378000 Tether and company's accounts. Mongan Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash Flows from Operating Activities 28000 Net Income Adjustments to reconcile net income to 28000 70000 98000 Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from investing Activities vCash 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 Nu Cash used by Operating Activities Nit Decin Cash Net Increase in Cash 378000 Attempts: 2 of 3 use Q D Q Search Google 1 2 3 S 4 5 6 7 8 9 Q W E 20 T T Y S D F G H K K Z C V B B N M Compute net cash provided by operating activities under the indirect method, assuming there were no oth company's accounts. (Show amounts that decrease cash flow with either a - sign eg -15,000 or in parenthesis eg. Mongan Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash Flows from Operating Activities $ 280000 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Loss on Disposal of Plant Assets 28000 Depreciation Expense 70000 98000 Cash Flows from Operating Activities 378000 Tauthenland din

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