Cash Flows from Operating Activities–Indirect Method Staley Inc. reported the following data: Net income $231,300 Depreciation expense 69,300 Loss on disposal of equipment 38,900 Increase in accounts receivable 25,700 Increase in accounts payable 11,000 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

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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How do I use the indirect method to complete cash flow statement?

Cash Flows from Operating Activities–Indirect Method
Staley Inc. reported the following data:
Net income
$231,300
Depreciation expense
69,300
Loss on disposal of equipment
38,900
Increase in accounts receivable
25,700
Increase in accounts payable
11,000
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
Transcribed Image Text:Cash Flows from Operating Activities–Indirect Method Staley Inc. reported the following data: Net income $231,300 Depreciation expense 69,300 Loss on disposal of equipment 38,900 Increase in accounts receivable 25,700 Increase in accounts payable 11,000 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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