Please do not give solution in image format ?. Consider the following information from Practel Corporation's consolidated financial statements for 2023:Net IncomeNet income attributable to PractelDepreciation expenseAmortization expenseGain on sale of plant assetsEquity method investment incomeCash dividends received from equity method investmentIncrease in receivablesDecrease in inventoryDecrease in current operating liabilitiesRequiredCash from operating activities$20,000,00019,600,00012,000,000Post Ranch Resort and SubsidiaryConsolidated Statement of Cash FlowsFor the year 2023Add (subtract) items not affecting cash:Depreciation expenseAmortization expenseLoss on sale of plant assetsUse the above data to prepare the operating cash flow section of Practel's consolidated statement of cash flows for 2023, using the indirect method.• Enter answers using all zeros (do not abbreviate answers to thousands or millions).• Use a negative sign with answers to indicate a decrease/reduction in cash.Changes in current assets and liabilities:ReceivablesInventory400,000180,00080,000500,000800,000120,0000pter 5 Exercises$

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Description: Please do not give solution in image format ?. Consider the following information from Practel Corporation's consolidated financial statements for 2023:Net IncomeNet income attributable to PractelDepreciation expenseAmortization expenseGain on sale o

The indirect method of a cash flow statement is a way to present data that shows how much money a…

Business

Accounting

Use the above data to prepare the operating cash flow section of Practel's consolidated statement of cash flows for 2023, using the indirect method • Enter answers using all zeros (do not abbreviate answers to thousands or millions). Use a negative sign with answers to indicate a decrease/reduction in cash. .

Use the above data to prepare the operating cash flow section of Practel's consolidated statement of cash flows for 2023, using the indirect method • Enter answers using all zeros (do not abbreviate answers to thousands or millions). Use a negative sign with answers to indicate a decrease/reduction in cash. .

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 75E

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