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The net income for Teal Mountain Inc. for 2017 was $293,800. For 2017, depreciation on plant assets was $66,500, and the company incurred a loss
The net income for Teal Mountain Inc. for 2017 was $293,800. For 2017, depreciation on plant assets was $66,500, and the company incurred a loss on disposal of plant assets of $27,800. 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).)
Brief Exercise 12-5 The net income for Teal Mountain Inc. for 2017 was $293,800. For 2017, depreciation on plant assets was $66,500, and the company incurred a loss on disposal of plant assets of?27,800. 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).) Teal Mountain Inc. Statement of Cash Flows-Indirect Method 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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