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Please explain and post so that half the answer isnt cut off! thank you!
Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: $301,400 Net Income Depreciation expense Loss on disposal of equipment 58,700 23,600 Increase in accounts receivable 28,000 Increase in accounts payable 11,000 Prepare the Cash Flows from used for) Operating Activities section of the statement of cash flowe, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Yeoman Inc. Statement of Cash Flows (partial) Cashflows from used for) operating activities Adjustments to reconcile net income to net cash flow from (uned for operating activities Changes in current operating Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments Yeoman Inc Statement of Cash Flows (partial) Cash flows from (used for) operating activities Adjustments to reconcle net income to net cash flows from used for) operating activities: Changes in current operating sites and abilities Q v 1 The cash flows from operating activities
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