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Question - Cash Flows from Operating Activities

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Question - Cash Flows from Operating Activities-Indirect Method

Staley Inc. reported the following data:

Net income $462,000

Depreciation expense 75,500

Loss on disposal of equipment 29,200

Increase in accounts receivable 20,200

Increase in accounts payable. 10,200

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 outflows, cash payments, decreases in cash, or any negative adjustments.

Reference no: EM132569063

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