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kirill115 [55]
3 years ago
13

Cash Flows from Operating Activities—Indirect Method

Business
2 answers:
Dmitrij [34]3 years ago
4 0
$396,200 + 61,250 +   27,600+ 9,000+ = 479,000 dollars
Genrish500 [490]3 years ago
3 0

Answer:

                                              <em><u>    Staley Inc.</u></em>

                               <em><u>Statement of Cash Flow(Partial)</u></em>

1.  Cash flow from operating activities

2. Net Income                                                                  $396,200

3. Adjustments to reconcile net Income to net

  Cash flow from operating activities:

4. Depreciation                                                    $61,200

5.Loss on Disposal of equipment                       <u>$27,600</u>

                                                                                           $88,800

6. Changes in current operating assets & liabilities:

7. Increase in account receivable                          -$9,000

8. Increase in accounts payable                              <u>$3,350</u>

                                                                                              <u>-5650</u>

9.  Cash generated from operations                                  <em> </em><em><u>83,150</u></em>

<em>       </em>

Explanation:

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