Brief Exercise 12-4 Sunland Company reported net income of $2.2 million in 2017.

Question

Brief Exercise 12-4 Sunland Company reported net income of $2.2 million in 2017. Depreciation for the year was $150,000, accounts receivable decreased $360,800, and accounts payable decreased $253,300. 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).) Sunland Company Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Cash flow from operating activities :

Cash flow from operating activities Net income 2200000 Adjustment to reconcile net income to Net cash provided by operating activities Depreciation expense 150000 Account receivable decreased 360800 Account payable decrease -253300 257500 Net cash flow from operating activities 2457500

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.