Staley Inc. reported the following data: Prepare the Cash flows from (used for) operating activities section of
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Staley Inc. reported the following data:
Prepare the “Cash flows from (used for) operating activities” section of the statement of cash flows, using the indirect method.
Transcribed Image Text:
Net income $405,200 Depreciation expense Loss on disposal of equipment 81,750 22,300 11,000 4,710 Increase in accounts receivable Increase in accounts payable
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