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Splish Brothers Inc. reported net income of $1.10 million in 2022. Depreciation for the year was $176,000, accounts receivable decreased $385,000, and accounts payable
Splish Brothers Inc. reported net income of $1.10 million in 2022. Depreciation for the year was $176,000, accounts receivable decreased $385,000, and accounts payable decreased $308,000. 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).) Splish Brothers Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to Cash Flows from Operating Activities Net Income Depreciation Expense $ 11000000 176000 MacBook Air
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