Blue Spruce Corp. reported net income of $2.4 million in 2022. Depreciation for the year was $164,000, accounts receivable decreased $333,800, and accounts payable decreased $280,000.
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 e.g. (15,000).)
Blue Spruce Corp.
Statement of Cash Flows-Indirect Approach
Choose the accounting period 2022For the Month Ended 2022For the Year Ended 2022