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Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $408,200 Depreciation expense 72,100 Loss on disposal of equipment
Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $408,200 Depreciation expense 72,100 Loss on disposal of equipment 20,800 Increase in accounts receivable 16,400 Increase in accounts payable 10,600 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 outfiows, 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: 1 0 0 Changes in current operating assets and liabilities: Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the Indirect method. Use tt 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: I Changes in current operating assets and liabilities: Net cash flows from operating activities
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