Question
The net income for Blossom Company for 2022 was $326,100. For 2022, depreciation on plant assets was $71,400, and the company incurred a loss
The net income for Blossom Company for 2022 was $326,100. For 2022, depreciation on plant assets was $71,400, and the company incurred a loss on disposal of plant assets of $26,100. 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 e.g. -15,000 or in parenthesis e.g. (15,000).) Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended 2022 Adjustments to reconcile net income to
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