Question
Kennedv. Inc.. renorted the following data: Prepare the operating activities section of the statement of cash flows us Kennedy, Inc., reported the following data: Net
Kennedv. Inc.. renorted the following data: Prepare the operating activities section of the statement of cash flows us
Kennedy, Inc., reported the following data: Net income Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in accounts receivable Decrease in accounts payable $130,262 14 (10,043) 20,945 8,548 (2,846) Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flows Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities:
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