Brief Exercise 12-5 The net income for Sandhill Co. for 2017 was $300,200. For 2

Question

Brief Exercise 12-5 The net income for Sandhill Co. for 2017 was $300,200. For 2017, depreciation on plant assets was $64,800, and the company incurred a loss on disposal of plant assets of $28,400 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).) Sandhill Co. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to

Explanation / Answer

Statement of cash flows using Indirect Method:

Cash flow from Operating Activities: Net Income 300200 Adjustments to reconcile net income to cash flows: Add: Depreciation 64800         : Loss on disposal of plant asset 28400 93200 Net cash provided by operating activities 393400

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