Yeoman Inc. reported the following data: Net income .......................................... $170,000 Depreciation expense ............................ 29,000 Loss on disposal
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Yeoman Inc. reported the following data:
Net income .......................................... $170,000
Depreciation expense ............................ 29,000
Loss on disposal of equipment ............. 11,850
Increase in accounts receivable ............ 10,490
Increase in accounts payable .................. 5,430
Prepare the Cash flows from (used for) operating activities section of the statement of cash flows, using the indirect method.
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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