16.2 #5 Cash Flows from Operating Activities—Indirect Method Staley Inc. reporte
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16.2
#5
Cash Flows from Operating Activities—Indirect Method
Staley Inc. reported the following data:
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 $409,900 Depreciation expense 77,600 Loss on disposal of equipment 34,200 Increase in accounts receivable 10,000 Increase in accounts payable 12,900 chegg Study | G? Broward College (E) Course Schedule ® Homepage-M ^ ?. Cengage ?,' CengageNO. × 0: Outlook.com.h ? ? ? ? v2.cengagenow com im take ssignment takeAssignment Man.do? voker-assan ments&takeAssignmentsessio; Locator-assignment tm ? ? ? Ch 16-2 Practice Exercises eBook Show Me How Calculator Print item Increase in accounts receivable 10,000 1. PE.16-01A Increase In accounts payable 12,900 2. PE-16-01B Prepare the Cash Flows from Operating Activitles section of the statement of cash flows, using the Indlrect method. Use the minus sign to Indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. 3. PE.16-02.ALGO 4. PE. 16-03.ALGO Staley Inc. Statement of Cash Flows (partial) 5. PE.16-04.ALGO 6. PE.16-05.ALGO Cash flows from operating activities: Adjustments to reconcike net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Check My Work 2 more Check My Work uses remalning Previous Next Progress: 5/6 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading 12:33 AM Type here to search 4/7/2018 21Explanation / Answer
Cash flow from operating activities: Net income 409900 Adjustments to reconcile net income to net Cash flow from operating activities Depreciation expense 77600 Loss on disposal of equipment 34200 Changes in current assets and liabilities: Increase in accounts receivable -10000 Increase in accounts payable 12900 Net cash flow from operating activities 524600
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