Hi! Given: The net income for Metz Co. for 2017 was $278,800. For 2017, deprecia

Question

Hi!

Given: The net income for Metz Co. for 2017 was $278,800. For 2017, depreciation on plant assets was $69,200, and the company incurred a loss on disposal of plant assets of $14,500.

Compute net cash provided by operating activities under the indirect method.

Please help!

Brief Exercise 13-5 The net income for Metz Co. for 2017 was $278,800. For 2017, depreciation on plant assets was $69,200, and the company incurred a loss on disposal of plant assets of $14,500. Compute net cash provided by operating activities under the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Metz Co Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to LINK TO TEXT

Explanation / Answer

Answer:

Cash flows from operating activities
Net income $278,800
Adjustments to reconcile net income to net
cash provided by operating activities
Depreciation expense $69,200
Loss on sale of plant assets $14,500 $83,700
Net cash provided by operating activities $362,500

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