Staley Inc. reported the following data: Net income $238,600 Depreciation expense 56,300 Loss on disposal of...
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Staley Inc. reported the following data: Net income $238,600 Depreciation expense 56,300 Loss on disposal of equipment 20,100 Increase in accounts receivable 12,900 Increase in accounts payable 12,300 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 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 Q 00 00 Staley Inc. reported the following data: Net income $238,600 Depreciation expense 56,300 Loss on disposal of equipment 20,100 Increase in accounts receivable 12,900 Increase in accounts payable 12,300 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 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 Q 00 00
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