Question
The net income for Wildhorse Co. for 2022 was $261,400. For 2022, depreciation on plant assets was $71,800, and the company incurred a loss on
The net income for Wildhorse Co. for 2022 was $261,400. For 2022, depreciation on plant assets was $71,800, and the company incurred a loss on disposal of plant assets of $26,400. 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).)
Wildhorse Co. Statement of Cash Flows-Indirect Method Choose the accounting period 2022For the Year Ended 2022For the Month Ended 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 a cashflow item Decrease in Accounts ReceivableNet IncomeGain on Disposal of Plant AssetsLoss on Disposal of Plant AssetsDepreciation Expense | $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 a cashflow item Gain on Disposal of Plant AssetsNet IncomeLoss on Disposal of Plant AssetsDepreciation ExpenseDecrease in Accounts Receivable | $Enter a dollar amount | |
Select a cashflow item Loss on Disposal of Plant AssetsDepreciation ExpenseNet IncomeDecrease in Accounts ReceivableGain on Disposal of Plant Assets | Enter a dollar amount | |
Enter a total of the two previous amounts | ||
Select a closing name for this section 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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