Question 3 of 10 Current Attempt in Progress Sunland, Inc. reported net income...

70.2K

Verified Solution

Question

Accounting

Question 3 of 10
Current Attempt in Progress
Sunland, Inc. reported net income of $2.35 million in 2022. Depreciation for the year was $150,400, accounts receivable decreased
$329,000, and accounts payable decreased $263,200.
Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a-sign
e.g.-15,000 or in parenthesis e.g.(15,000)).
Sunland, Inc.
Statement of Cash Flows-Indirect Approach
$
Adjustments to reconcile net income to
$
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students