Vaughn, Inc. reported net income of $3.10 million in 2022. Depreciation for the year was $198,400, accounts receivable decrea $434,000, and accounts payable decreased $347,200. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a es-15,000 or in parenthesis eg. (15,000).) Vaughn, Inc. Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Accounts Receivable Decrease Accounts Payable Decrease $ 198,400 434,000 $ Net Cash Provided by Operating Activities $

Vaughn, Inc. reported net income of $3.10 million in 2022. Depreciation for the year was $198,400, accounts receivable decrea $434,000, and accounts payable decreased $347,200. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a es-15,000 or in parenthesis eg. (15,000).) Vaughn, Inc. Statement of Cash Flows-Indirect Approach For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Accounts Receivable Decrease Accounts Payable Decrease $ 198,400 434,000 $ Net Cash Provided by Operating Activities $

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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