Blue Spruce Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $14,400 and accounts payable increased by $9,900. Depreciation expense was $48,000. Prepare the cash flows from operating activities section of the statement of cash flows 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).) Blue Spru Statement of Adjustments to reconcile net income to----- ---?
Blue Spruce Company reported 2023 net income of $157,000. During 2023, accounts receivable increased by $14,400 and accounts payable increased by $9,900. Depreciation expense was $48,000. Prepare the cash flows from operating activities section of the statement of cash flows 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).) Blue Spru Statement of Adjustments to reconcile net income to----- ---?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Blue Spruce Company reported 2023 net
income of $157,000. During 2023, accounts
receivable increased by $14,400 and
accounts payable increased by $9,900.
Depreciation expense was $48,000.
Prepare the cash flows from operating
activities section of the statement of cash
flows 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).) Blue Spru Statement of
Adjustments to reconcile net income to-----
---?
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