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Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $433,600 Depreciation expense 63,400 Loss on disposal of equipment
Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $433,600 Depreciation expense 63,400 Loss on disposal of equipment 28,600 Increase in accounts receivable 12,700 Increase in accounts payable 11,300 Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Yeoman Inc. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: gloon Net cash flows from operating activities
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