Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $384,200 Depreciation expense 71,300 Loss on disposal of equipment 26,300 Increase in accounts receivable 13,900 Increase in accounts payable 10,700 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:       $- Select -   Adjustments to reconcile net income to net cash flows from (used for) operating activities:       - Select -     - Select -   Changes in current operating assets and liabilities:       - Select -     - Select -   Net cash flows from operating activities   $fill in the blank 11

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 15E
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Determining Cash Flows from (Used for) Operating Activities

Yeoman Inc. reported the following data:

Net income $384,200
Depreciation expense 71,300
Loss on disposal of equipment 26,300
Increase in accounts receivable 13,900
Increase in accounts payable 10,700

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:    
 
$- Select -  
Adjustments to reconcile net income to net cash flows from (used for) operating activities:    
 
- Select -  
 
- Select -  
Changes in current operating assets and liabilities:    
 
- Select -  
 
- Select -  
Net cash flows from operating activities   $fill in the blank 11
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