Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $349,000 Depreciation expense 50,400 Loss on disposal of equipment 40,000 Increase in accounts receivable 10,300 Increase in accounts payable 12,800 Prepare the Cash Flows from (used for) 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. Yeoman Inc. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities

Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $349,000 Depreciation expense 50,400 Loss on disposal of equipment 40,000 Increase in accounts receivable 10,300 Increase in accounts payable 12,800 Prepare the Cash Flows from (used for) 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. Yeoman Inc. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: Adjustments to reconcile net income to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows from operating activities

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter13: Statement Of Cash Flows

Section: Chapter Questions

Problem 20E

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