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Staley Inc. reported the following data: Net income $250,800 Depreciation expense 74,900 Loss on disposal of equipment 20,700 Increase in accounts receivable 11,000 Increase in
Staley Inc. reported the following data:
Net income | $250,800 |
Depreciation expense | 74,900 |
Loss on disposal of equipment | 20,700 |
Increase in accounts receivable | 11,000 |
Increase in accounts payable | 10,300 |
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, cash payments, decreases in cash, or any negative adjustments.
Staley Inc. | ||
Statement of Cash Flows (partial) | ||
Cash flows from operating activities: | ||
$ | ||
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 | $ |
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