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----- ---?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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