Question
The net income for Indigo Corporation for 2022 was $ 300,000. For 2022, depreciation on plant assets was $ 75,000, and the company incurred a
The net income for Indigo Corporation for 2022 was $ 300,000. For 2022, depreciation on plant assets was $ 75,000, and the company incurred a loss on disposal of plant assets of $ 30,000. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the companys accounts. (Show amounts that decrease cash flow with either a - sign e.g -15,000 or in parenthesis e.g. (15,000).)
Indigo Corporation Statement of Cash Flows-Indirect Method choose the accounting period December 31, 2022For the Year Ended December 31, 2022For the Quarter Ended December 31, 2022 | ||
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select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash | ||
select an item Depreciation ExpenseGain on Disposal of Plant AssetsLoss on Disposal of Plant AssetsNet Income | $ enter a dollar amount | |
Adjustments to reconcile net income to | ||
select an opening subsection name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash | ||
select an item Depreciation ExpenseGain on Disposal of Plant AssetsLoss on Disposal of Plant AssetsNet Income | $ enter a dollar amount | |
select an item Depreciation ExpenseGain on Disposal of Plant AssetsLoss on Disposal of Plant AssetsNet Income | enter a dollar amount | |
enter a total of the two previous amounts | ||
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash | $ enter a total amount for this section |
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