GDM Equipment, Inc. reported the following data for 2025: View the data. Compute GDM Equipment, Inc.'s net cash provided by operating activities-indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) GDM Equipment, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2025 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Data ... Income Statement: Net Income Depreciation Expense $ 46,000 9,500 Balance Sheet: Increase in Accounts Receivable 8,000 Decrease in Accounts Payable 3,000 Print Done - ☑
GDM Equipment, Inc. reported the following data for 2025: View the data. Compute GDM Equipment, Inc.'s net cash provided by operating activities-indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) GDM Equipment, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2025 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Data ... Income Statement: Net Income Depreciation Expense $ 46,000 9,500 Balance Sheet: Increase in Accounts Receivable 8,000 Decrease in Accounts Payable 3,000 Print Done - ☑
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.3DC
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Transcribed Image Text:GDM Equipment, Inc. reported the following data for 2025:
View the data.
Compute GDM Equipment, Inc.'s net cash provided by operating activities-indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash.)
GDM Equipment, Inc.
Statement of Cash Flows (Partial)
Year Ended December 31, 2025
Cash Flows from Operating Activities:
Net Income
Adjustments to Reconcile Net Income to
Net Cash Provided by Operating Activities:
Net Cash Provided by (Used for) Operating Activities
Data
...
Income Statement:
Net Income
Depreciation Expense
$ 46,000
9,500
Balance Sheet:
Increase in Accounts Receivable
8,000
Decrease in Accounts Payable
3,000
Print
Done
-
☑
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