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Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net Income 5323,500 Depreciation expense 78,500 Loss on disposal of equipment
Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net Income 5323,500 Depreciation expense 78,500 Loss on disposal of equipment 23,300 Increase in accounts receivable 27,500 Increase in accounts payable 10,200 cash, or any 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 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: o Net cash flows from operating activities
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