The net income for Pearl Industries for 2022 was $410,000. For 2022, depreciation on plant assets was $102,500, and the company incurred a loss on disposal of plant assets of $41,000. 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 eg-15,000 or in parenthesis eg (15,000).) Pearl Industries Statement of Cash Flows-Indirect Method 12:44 PM 4/25/2020 PrtSc Insert Delete F5 F6 F7 F8 F9 F10 F11 F12 2* Backspace Num Lock 8 P 7 Home Pgl H. J Enter 60 00 4. %24 <. * 00
The net income for Pearl Industries for 2022 was $410,000. For 2022, depreciation on plant assets was $102,500, and the company incurred a loss on disposal of plant assets of $41,000. 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 eg-15,000 or in parenthesis eg (15,000).) Pearl Industries Statement of Cash Flows-Indirect Method 12:44 PM 4/25/2020 PrtSc Insert Delete F5 F6 F7 F8 F9 F10 F11 F12 2* Backspace Num Lock 8 P 7 Home Pgl H. J Enter 60 00 4. %24 <. * 00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The net income for Pearl Industries for 2022 was $410,000. For 2022, depreciation on plant assets was $102,500, and the company incurred a loss on
disposal of plant assets of $41,000.
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 eg-15,000 or in parenthesis eg (15,000).)
Pearl Industries
Statement of Cash Flows-Indirect Method
12:44 PM
4/25/2020
PrtSc
Insert
Delete
F5
F6
F7
F8
F9
F10
F11
F12
2*
Backspace
Num
Lock
8
P
7
Home
Pgl
H.
J
Enter
60
00
4.
%24
<.
* 00
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