Question: Cash Flows from Operating Activities ---Indirect Method Staley Inc, reported the following data: Net Income $365,300 Depreciation expense 54,100 Loss on disposal of equipment 35,200
Cash Flows from Operating Activities ---Indirect Method Staley Inc, reported the following data: Net Income $365,300 Depreciation expense 54,100 Loss on disposal of equipment 35,200 Increase in accounts receivable 28,000 Increase in accounts payable 12,700 Prepare the Cash Flows from Operating Activities section of the statement of cash flows using the indirect method. Use the mission to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments Staley Inc Statement of Cathrow (partial) Cash flows from operating activities Net Income Adjustments to reconcile net income to not cash flow from operating activities Depreciation Loss on disposal of equipment Changes in current operating assets and liabi Increase in accounts receivable U OD 10 Increase in accounts payable Net cash flow from operating activities a
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