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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Determining
Yeoman Inc. reported the following data:
| Net income | $384,200 |
| 71,300 | |
| Loss on disposal of equipment | 26,300 |
| Increase in |
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
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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