Cash Flows from Operating Activit Staley Inc. reported the following data: Net i

Question

Cash Flows from Operating Activit Staley Inc. reported the following data: Net income Indirect Method Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable $390,200 62,700 30,700 13,200 11,800 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: Previous Next 2 more Check My Work uses remaining 250 A

Explanation / Answer

Staley Inc Cash Flow Statement (Indirect Method) Particulars Amount $ Cash Flow from Operating Activities Net Income 390200 Adjustments Add: Depreciation & Amortisation 62700 Add: Loss on disposal of equipment 30700 Increase in Accounts Receivable -13200 Increase in Accounts Payable 11800 Total Cash Flow from Operating Activities 482200

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