Kennedy, Inc. reported the following data: Net income $171,318 Depreciation expense 12,435 Loss on disposal of equipment (10,804) Gain on sale of building 19,388 Increase in accounts receivable 8,684 Decrease in accounts payable (2,493) Prepare the cash flows from operating áctivities section of the statement
Kennedy, Inc. reported the following data: Net income $171,318 Depreciation expense 12,435 Loss on disposal of equipment (10,804) Gain on sale of building 19,388 Increase in accounts receivable 8,684 Decrease in accounts payable (2,493) Prepare the cash flows from operating áctivities section of the statement
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.2.2MBA
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Prepare the cash flows for operating activity section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows , a decrease in cash, cash payments, or any negative adjustments.
![A v2.cengagenow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
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Kennedy, Inc. reported the following data:
Net income
$171,318
Depreciation expense
12,435
Loss on disposal of equipment
(10,804)
Gain on sale of building
19,388
Increase in accounts receivable
8,684
Decrease in accounts payable
(2,493)
Prepare the cash flows from operating áctivities section of the statement](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d1c5be9-aea8-4329-a082-163277ee4f1f%2Fe895131b-d06d-4761-89ff-17ebbc3520e5%2Fwcu0db9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A v2.cengagenow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false
M Gmail
YouTube
O Maps
Kennedy, Inc. reported the following data:
Net income
$171,318
Depreciation expense
12,435
Loss on disposal of equipment
(10,804)
Gain on sale of building
19,388
Increase in accounts receivable
8,684
Decrease in accounts payable
(2,493)
Prepare the cash flows from operating áctivities section of the statement
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