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Homework answers / question archive / Staley Inc
Staley Inc. reported the following data:
Net income $318,300
Depreciation expense 73,000
Loss on disposal of equipment 24,600
Increase in accounts receivable 19,200
Increase in accounts payable 11,700
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.
Net income:
Depreciation:
Loss on Disposal amount:
Increase in accounts payable:
Increase in accounts receivable:
Net cash flow from operating activities :
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