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eBook Show Me How Staley Inc. reported the following data: Net income $367,000 Depreciation expense 74,800 Loss on disposal of 29,600 equipment Increase in
eBook Show Me How Staley Inc. reported the following data: Net income $367,000 Depreciation expense 74,800 Loss on disposal of 29,600 equipment Increase in accounts 22,300 receivable Increase in accounts payable 10,800 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: Increase in accounts receivable 22,300 Increase in accounts payable 10,800 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: Net cash flow from operating activities
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