Kennedy, Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in accounts receivable Decrease in accounts payable Prepare the cash flows from operating activities section of the statement of cash flow using the indirect method. Use the minus sign to indicate cash outflows, a decrease i cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: $134,121 12,299 (9,600) 18,175 10,680 (2,662) 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 Q.
Kennedy, Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Gain on sale of building Increase in accounts receivable Decrease in accounts payable Prepare the cash flows from operating activities section of the statement of cash flow using the indirect method. Use the minus sign to indicate cash outflows, a decrease i cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: $134,121 12,299 (9,600) 18,175 10,680 (2,662) 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 Q.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Kennedy, Inc. reported the following data:
Net income
Depreciation expense
Loss on disposal of equipment
Gain on sale of building
Increase in accounts receivable
Decrease in accounts payable
Prepare the cash flows from operating activities section of the statement of cash flow
using the indirect method. Use the minus sign to indicate cash outflows, a decrease i
cash, cash payments, or any negative adjustments.
Kennedy, Inc.
Statement of Cash Flow
Cash flows from operating activities:
$134,121
12,299
(9,600)
18,175
10,680
(2,662)
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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