Kennedy, Inc. Statement of Cash Flows Cash flows from (used for) operating activities: Net income 122,052 Adjustments to reconcile net income to net cash flows from (used for) operating activities: image008.png Changes in current operating assets and liabilities:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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* CengageNOWv2 | Online teachin x
.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%=&inprogress=false
les ajoutant à la barre de favoris. Importer mes favoris maintenant.
Net income
$122,052
Depreciation expense
16,908
Loss on disposal of equipment
(9,939)
Gain on sale of building
20,737
Increase in accounts receivable
9,521
Decrease in accounts payable
(2,247)
Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflov
decrease in cash, cash payments, or any negative adjustments.
Kennedy, Inc.
Statement of Cash Flows
Cash flows from (used for) operating activities:
Net income
122,052
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
image008.png
Changes in current operating assets and liabilities:
T
do -reply
/Notiwations
Sur up
Annoceme
Change Blog
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Transcribed Image Text:nt Content * CengageNOWv2 | Online teachin x .com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%=&inprogress=false les ajoutant à la barre de favoris. Importer mes favoris maintenant. Net income $122,052 Depreciation expense 16,908 Loss on disposal of equipment (9,939) Gain on sale of building 20,737 Increase in accounts receivable 9,521 Decrease in accounts payable (2,247) Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflov decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flows Cash flows from (used for) operating activities: Net income 122,052 Adjustments to reconcile net income to net cash flows from (used for) operating activities: image008.png Changes in current operating assets and liabilities: T do -reply /Notiwations Sur up Annoceme Change Blog acer
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