question archive Brief Exercise 12-05 The net income for Swifty Corporation for 2020 was $260,100
Brief Exercise 12-05 The net income for Swifty Corporation for 2020 was $260,100
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Brief Exercise 12-05 The net income for Swifty Corporation for 2020 was $260,100. For 2020, depreciation on plant assets was $67,800, and the company incurred a loss on disposal of plant assets of $11,100. Compute net cash provided by operating activities under the indirect method, assuming there were no other relevant changes in the company's accounts. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Swifty Corporation Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to Click if you would like to Show Work for this question:
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