Question: Brief Exercise 11-7 (Algo) Calculate operating activities-indirect method (LO11-3) Engineenng Wonders reports net income of $57.0 million. Included in that number is buliding depreciation expense
Brief Exercise 11-7 (Algo) Calculate operating activities-indirect method (LO11-3) Engineenng Wonders reports net income of $57.0 million. Included in that number is buliding depreciation expense of $47milion and a gain on the sale of land of $13 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $17 milion, $27 million, and $37 million, respectively. Prepare the operating activities section of Wonders' statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with o minus sign. Round your answers to 1 decimal ploce. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
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