Blossom Company prepared the tabulation below at December 31, 2022 Net Income=$307,100 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense=$32,100 Decrease in accounts receivable=$50,100 Increase in inventory=$12.100 Decrease in accounts payable=$8,700 Increase in income taxes payable:$1,600 Loss on sale of land=$5,100 Net cash provided (used) by operating activities
Blossom Company prepared the tabulation below at December 31, 2022 Net Income=$307,100 Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense=$32,100 Decrease in accounts receivable=$50,100 Increase in inventory=$12.100 Decrease in accounts payable=$8,700 Increase in income taxes payable:$1,600 Loss on sale of land=$5,100 Net cash provided (used) by operating activities
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Blossom Company prepared the tabulation below at December 31, 2022
Net Income=$307,100
Adjustments to reconcile net income to net cash provided by operating activities
Decrease in
Increase in inventory=$12.100
Decrease in accounts payable=$8,700
Increase in income taxes payable:$1,600
Loss on sale of land=$5,100
Net cash provided (used) by operating activities
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