I Hel Contact Us 1 Log Out Kimmel, Financial Accounting, 8e FINANCIAL ACCT (ACCT

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I Hel Contact Us 1 Log Out Kimmel, Financial Accounting, 8e FINANCIAL ACCT (ACCT 2121) Assignment Gradebook ORION Downloadable eTextbook ent TOR FUL LSCREEN PRENTER VERSTON NEXT Brief Exercise 12-4 Splish Brothers Inc. reported net income of $3.3 million in 2017. Depreciation for the year was $161,700, accounts recelivable decreased $322,100, and accounts payable decreased $280,800. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either-sign·g.-S000 or in parenthesis e.g. (15,000).) Splish Brothers Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to LINK TO TEXT Version 4. I 2000-2017John Wiley&Sons.inc.; All Rights Reserved. A Division ofJohnyyleyasons.inc. CY

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Answer:-

Spilish Brothers Inc. Statement of Cash Flow (Using Indirect Method) Particulars Amount $ Net Income 3300000 Adjustments to reconcile net income to net cash provided by opreating activities Adjustment for non cash effects Depreciation 161700 Change in opreating assets & liabilities Decrease in Accounts Receiviable 322100 Decrease in Accounts payable -280800 Net cash flow from opreating activities 3503000

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