eBook Show Me How Print tem Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income $358,500 Depreciation expense 69,100 Loss on disposal of equipment 39,700 Increase in accounts receivable 21,900 Increase in accounts payable 11,200 Reading List 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: Changes in current operating assets and liabilities; Net cash flow from operating activities Check My Work 5 more Check My Work uses remaining 00 00 Previous Next > 2