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The net income for Oriole Co.for 2022 was $264,300. For 2022, depreciation on plant assets was $65,600, and the company incurred a loss on disposal
The net income for Oriole Co.for 2022 was $264,300. For 2022, depreciation on plant assets was $65,600, and the company incurred a loss on disposal of plant assets of $30,300. 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-signe.g.-15,000 or in parenthesis eg. (15,000).) Oriole Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income S 264300 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 65600 Loss on Disposal of Plant Assets 14300 79900 Net Cash Provided by Operating Activities $ 344200 e Textbook and Media Save for Later Last saved 2 minutes ago Attempts: 1 of 5 used Submit
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