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Your answer is partially correct. The net income for Oriole Co. for 2022 was $264,300. For 2022, depreciation on plant assets was $65,600, and
Your answer is partially correct. 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 sign e.g. -15,000 or in parenthesis e.g. (15,000).) Oriole Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Net Cash Used by Investing Activities Net Income Adjustments to reconcile net income to Net Decrease in Cash 0 accounts. Parow amounts that decrease cusn now with enter a signey. 10,000 or purentnesis e Oricle Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Net Cash Used by Investing Activities Net Income Adjustments to reconcile net income to Net Decrease in Cash 0 Loss on Disposal of Plant Assets O $ Loss on Disposal of Plant Assets 30300 Cash Flows from Operating Activities O 360200 eTextbook and Media,
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