Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: ...
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Accounting
Cash Flows from Operating ActivitiesIndirect Method
Staley Inc. reported the following data:
Net income
$272,300
Depreciation expense
57,600
Loss on disposal of equipment
39,900
Increase in accounts receivable
21,300
Increase in accounts payable
10,800
Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
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Depreciation, Increase in Accounts Payable , Loss on disposal of equipment
Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities
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