Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net...
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Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment $259,600 79,900 21,400 23,700 Increase in accounts receivable Increase in accounts payable 10,900 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to in adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Net income Adiustments to reconcile net income to net cash flow from operating activities: Depreciation Loss on disposal of equipment Changes in current operating assets and liabilities: Increase in accounts receivable Increase in accounts payable Net cash flow from operating activities Feedback
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