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Kennedy, Inc., reported the following data: Net income $199,016 Depreciation expense 14,737 Loss on disposal of equipment (10,696) Gain on sale of building 19,310 Increase
Kennedy, Inc., reported the following data: Net income $199,016 Depreciation expense 14,737 Loss on disposal of equipment (10,696) Gain on sale of building 19,310 Increase in accounts receivable 8,987 Decrease in accounts payable (2,815) 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: Adjustments to reconcile net income to net cash flows from (used for) operating activities: (0) 0 Changes in current operating assets and liabilities: O
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