The net income for Crane Co. for 2022 was $305,000. For 2022, depreciation on plant assets was $65,200, and the company incurred a loss on disposal of plant assets of $27,600. 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).) Crane Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to $ 305000

The net income for Crane Co. for 2022 was $305,000. For 2022, depreciation on plant assets was $65,200, and the company incurred a loss on disposal of plant assets of $27,600. 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).) Crane Co. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to $ 305000

Name: The net income for Crane Co. for 2022 was $305,000. For 2022, depreci
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Description: The net income for Crane Co. for 2022 was $305,000. For 2022, depreciation on plant assets was $65,200, and the company incurreda loss on disposal of plant assets of $27,600.Compute net cash provided by operating activities under the indirect method

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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