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Waterway Industries reported net income of $1.35 million in 2022. Depreciation for the year was $216,000, accounts receivable decreased $472,500, and accounts payable decreased $378,000.
Waterway Industries reported net income of $1.35 million in 2022. Depreciation for the year was $216,000, accounts receivable decreased $472,500, and accounts payable decreased $378,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Waterway Industries Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to Save for Later $ $ Attempts: 0 of 1 used Submit
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