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Sunland Company reported net income of $2.2 million in 2017. Depreciation for the year was $150,000, accounts receivable decreased $360,800, and accounts payable decreased $253,300.
Sunland Company reported net income of $2.2 million in 2017. Depreciation for the year was $150,000, accounts receivable decreased $360,800, and accounts payable decreased $253,300. 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).)
Brief Exercise 12-4 Sunland Company reported net income of $2.2 million in 2017. Depreciation for the year was $150,000, accounts receivable decreased $360,800, and accounts payable decreased $253,300. 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).) Sunland Company Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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