ill Sprint 709 PM 69 Kimmel Accounting 6e Help I CALCULATOR

ill Sprint 7:09 PM *69%- Kimmel, Accounting, 6e Help I CALCULATOR PRINTER VERSIONBACK NEXT ASSIGNMENT RESOURCES Brief Exercise 12-4 Waterway Industries reported net income of $2 million in 2017. Depreciation for the year was $144,000, accounts receivable decreased $343,400, and accounts payable decreased $304,200 Week 4 Homework Brier Exercise!2-12 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 Review Score Review Objective Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

Solution

Waterway Industries Statement Of Cash Flows - Indirect Approach Cash Flows from Operating Activies : Net Income $2000000 Adjustments to reconcile net income to net cash provided by operating activities : Depreciation expenses 144000 Decrease in Accounts Receivable 343400 Decrease in Accounts Payable (304200)   183200 Net cash provided by Operating Activities $2183200