USiromel, Financial Accounting, Betole I Sstem AnoencementsBriel Exercise 12-4Your answer is partially correct. Try again.Matervay Industries reported net income of $2 million in 2017. Depreciation for the year was $144,000, accounts receivable decreased $343,400, and accounts payable decreased s304.200.Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis aWaterway IndustriesStatement of Cash Flows-Indirect Approach(*5,000))For the Year Ended December 31, 2017Cash Floves from Operating ActivitiesNet Income2000000Adjustments to reconcile net income toNet Cash Provided by Operating Activities vDecrease in Account Payable343400Increase in Account Payable304200Depreciation Expense144000791600et Cash Provided by Operating Activities V791600Click if you would like to Show Work for this question:Open Show Work Kinenel, Finarscial Accoumting, SeHelp 1 Systeem AnnoncemewtsBrief Exercise 12-4Your answer is partially correct. Try again.iustries reported net income of $2 million in 2017. Depreciation for the year was $144,000, accOunts receivable decreased $343,400, and accounts payalle decreaed tonComoute net ccash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a-sign e.g.-15,0D0 or in pareittesn fsdWaterway IndustriesStatement of Cash Flows-Indirect ApproadchFor the Year Ended December 31, 2017Cash Flows from Operating ActivitiesNet Income2000000Adjustments to reconcile net income toNet Cash Provided by Operating Activities VDecrease in Account Payable343400Increase in Account Payable304200Depreciation Expense144000791600Net Cash Provided by Operating Activities Y791600Click if you would like to Show Work for this question: Open Show Work

Watervay Industries reported net income of $2 milion in 2017. Depreciation for the year was $144,000, accounts receivable decreased $343,400, and accounts payable decreased $30 Cmoute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthets g(I5 Waterway Industries Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2017 Cash Floves from Operating Activities Net Income 2000000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities V Decrease in Account Payable 343400 Increase in Acount Payable 304200 Depreciation Expense 144000 791600 tCash Provoded Operabing Activities V 791600

Watervay Industries reported net income of $2 milion in 2017. Depreciation for the year was $144,000, accounts receivable decreased $343,400, and accounts payable decreased $30 Cmoute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a- sign e.g. -15,000 or in parenthets g(I5 Waterway Industries Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2017 Cash Floves from Operating Activities Net Income 2000000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities V Decrease in Account Payable 343400 Increase in Acount Payable 304200 Depreciation Expense 144000 791600 tCash Provoded Operabing Activities V 791600

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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