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Cash Flows from Operating Activities - Indirect Method Staley Inc. reported the following data: Staley Inc. Statement of Cash Flows ( partial ) Cash flows

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Cash Flows from Operating Activities-Indirect Method
Staley Inc. reported the following data:
Staley Inc.
Statement of Cash Flows (partial)
Cash flows from operating activities:
Adjustments to reconcile net income to net cash flow from operating activities:
Loss on disposal of equipment
Changes in current operating assets and liabilities:
Increase in accounts receivable
Increase in accounts payable
Net cash flow from operating activities
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Consider the effect that each item has on cash. Would the transaction have affected cash at all? How would the increase or decrease in current operating assets and liabilities affect cash?
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