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Kennedy, Inc. reported the following data: $154,019 Net income Depreciation expense 15,466 10,291 Loss on disposal of equipment Gain on sale of building 21,751 Increase
Kennedy, Inc. reported the following data: $154,019 Net income Depreciation expense 15,466 10,291 Loss on disposal of equipment Gain on sale of building 21,751 Increase in accounts receivable 8,870 2,209 Decrease in accounts payable Prepare the Cash flows from operating activitles section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outfiows, a decrease in cash, cash payments, or any negative adjustments Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activitles: Changes in current operating assets and liabilities: Net cash flow from operating activities
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