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Kennedy, Inc. reported the following data: Net income $145,437 Depreciation expense 12,559 Loss on disposal of equipment (11,646) Gain on sale of building 18,464
Kennedy, Inc. reported the following data: Net income $145,437 Depreciation expense 12,559 Loss on disposal of equipment (11,646) Gain on sale of building 18,464 Increase in accounts receivable 10,502 Decrease in accounts payable (2,324) 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 flows from operating activities: Kennedy, Inc. Statement of Cash Flow 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 Q 000 00
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