Cash Hows from Uperating Activities-Indirect Methoo Staley Inc. reported the fol

Question

Cash Hows from Uperating Activities-Indirect Methoo Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 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. $488,300 65,800 30,500 26,800 11,500 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 liabilties: Net cash flow from operating activities

Explanation / Answer

Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Net income 488300 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense 65800 Loss on disposal of equipment 30500 Changes in current operating assets and liabilities: Increase in accounts receivable -26800 Increase in accounts payable 11500 Net cash flow from operating activities 569300

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.