Question: Question 2 of 8 Current Attempt in Progress -/1 !!! Novak Corp. reported net income of $1.20 million in 2022. Depreciation for the year

Question 2 of 8 Current Attempt in Progress -/1 !!! Novak Corp.

Question 2 of 8 Current Attempt in Progress -/1 !!! Novak Corp. reported net income of $1.20 million in 2022. Depreciation for the year was $192,000, accounts receivable decreased $420,000, and accounts payable decreased $336,000. 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).) Novak Corp. Statement of Cash Flows-Indirect Approach Adjustments to reconcile net income to eTextbook and Media Save for Later $ $ Attempts: 0 of 3 used Submit Answer

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