Kingbird, Inc. reported net income of $1.55 million in 2022. Depreciation for the year was $248.000, accounts receivable decreased $542,500, and accounts payable decreased $434,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis e.s. (15,000).) Kingbird, Inc. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to

Kingbird, Inc. reported net income of $1.55 million in 2022. Depreciation for the year was $248.000, accounts receivable decreased $542,500, and accounts payable decreased $434,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign eg. -15,000 or in parenthesis e.s. (15,000).) Kingbird, Inc. Statement of Cash Flows-Indirect Approach 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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