Question
Kennedy, Inc. reported the following data: Net income $125,734 Depreciation expense 12,493 Loss on disposal of equipment (9,449) Gain on sale of building 20,993 Increase
Kennedy, Inc. reported the following data: Net income $125,734 Depreciation expense 12,493 Loss on disposal of equipment (9,449) Gain on sale of building 20,993 Increase in accounts receivable 7,871 Decrease in accounts payable (3,356) 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
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