Question: Homework: Chapter 17 Question 2 of 7 -/15 E ! Swifty, Inc. reported net income of $2.05 million in 2022. Depreciation for the year
Homework: Chapter 17 Question 2 of 7 -/15 E ! Swifty, Inc. reported net income of $2.05 million in 2022. Depreciation for the year was $131.200, accounts receivable decreased $287,000, and accounts payable decreased $229,600. Compute net cash provided by operating activities using the indirect method. (Show amounts that decrease cash flow with either a sign eg.-15,000 or in parenthesis ea. (15,000)) Swifty, 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 Cash Flows from Operating Activities Accounts Payable Decrease Accounts Receivable Decrease Depreciation Expense Net Cash Used by Operating Activities
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