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Prepare the Cash Flows from Operating Activities section

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Reference no: EM132605616

Question - Cash Flows from Operating Activities-Indirect Method

Staley Inc. reported the following data:

Net income $258,200

Depreciation expense 78,400

Loss on disposal of equipment 38,800

Increase in accounts receivable 17,000

Increase in accounts payable 10,500

Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Reference no: EM132605616

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