Yeoman Inc. reported the following data: Net income $373,300 Depreciation expense 74,600 Loss on disposal of equipment 38,800 Increase in accounts receivable 12,500 Increase in accounts payable 11,900 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. reported the following data: Net income $373,300 Depreciation expense 74,600 Loss on disposal of equipment 38,800 Increase in accounts receivable 12,500 Increase in accounts payable 11,900 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.
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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Yeoman Inc. reported the following data:
Net income | $373,300 |
74,600 | |
Loss on disposal of equipment | 38,800 |
Increase in |
12,500 |
Increase in accounts payable | 11,900 |
Prepare the
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