Kennedy, Inc reported the following data Net Income $118,000 depreciation expense 15,000 Gain from disposal of equipment 10,000 Increase in accounts receivable 7,000 Cash dividends paid 5,000 Decreased accounts payable 2,000 Prepare the cash flows from operating activities under the indirect method...

To prepare the cash flows from operating activities using the ...

Kennedy, Inc. reported the following data: Net Income $118,000 depreciation expense 15,000 Gain from disposal of equipment

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Kennedy, Inc. reported the following data:

Net Income	$118,000
depreciation expense	15,000
Gain from disposal of equipment	10,000
Increase in accounts receivable	7,000
Cash dividends paid	5,000
Decreased accounts payable	2,000

Prepare the cash flows from operating activities under the indirect method.

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078111044

16th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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Posted Date: May 09, 2023 06:06 AM

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Kennedy, Inc. reported the following data: Net Income $118,000 depreciation expense 15,000 Gain from disposal of equipment

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Financial and Managerial Accounting the basis for business decisions

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