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Kennedy, Inc. reported the following data: Net income $ 1 6 1 , 3 4 0 Depreciation expense 1 3 , 5 3 0 Loss
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
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 outflows, a decrease in cash, cash payments, or any negative adjustments.
Kennedy, Inc.
Statement of Cash Flow
Cash flows from operating activities:
$ Select
Adjustments to reconcile net income to net cash flow from operating activities:
Select
Select
Select
Changes in current operating assets and liabilities:
Select
Select
Net cash flow from operating activities $fill in the blan
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