Question: Cash Flows from Operating Activities--Indirect Method Staley Inc. reported the following data: Net income $279,500 77,400 Depreciation expense Loss on disposal of equipment 35,300 Increase

data: Net income $279,500 77,400 Depreciation expense Loss on disposal of equipment

Cash Flows from Operating Activities--Indirect Method Staley Inc. reported the following data: Net income $279,500 77,400 Depreciation expense Loss on disposal of equipment 35,300 Increase in accounts receivable 17,800 Increase in accounts payable 12,100 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indir cash out flows, cash payments, decreases in cash, or any negative adjustments. 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: Increase in accounts payable 12,100 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. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: 0 00 00 Changes in current operating assets and liabilities: Net cash flow from operating activities

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