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Question Content Area Kennedy, Inc., reported the following data: Net income $170,619 Depreciation expense 12,699 Loss on disposal of equipment (8,944) Gain on sale of building 21,259 Increase in accounts receivable 10,181 Decrease in accounts payable (2,309) Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc.Statement of Cash Flows Cash flows from (used for) operating activities: $- Select - Adjustments to reconcile net income to net cash flows from (used for) operating activities: - Select - - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - $- Select -

Question Content Area Kennedy, Inc., reported the following data: Net income $170,619 Depreciation expense 12,699 Loss on disposal of equipment (8,944) Gain on sale of building 21,259 Increase in accounts receivable 10,181 Decrease in accounts payable (2,309) Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc.Statement of Cash Flows Cash flows from (used for) operating activities: $- Select - Adjustments to reconcile net income to net cash flows from (used for) operating activities: - Select - - Select - - Select - Changes in current operating assets and liabilities: - Select - - Select - $- Select -

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 15E
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  1. Question Content Area

    Kennedy, Inc., reported the following data:

    Net income $170,619 
    Depreciation expense 12,699 
    Loss on disposal of equipment (8,944)
    Gain on sale of building 21,259 
    Increase in accounts receivable 10,181 
    Decrease in accounts payable (2,309)

    Prepare the operating activities section of the statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments.

     

    Kennedy, Inc.Statement of Cash Flows
    Cash flows from (used for) operating activities:    
     
    		 $- Select -  
    Adjustments to reconcile net income to net cash flows from (used for) operating activities:    
     
    		 - Select -  
     
    		 - Select -  
     
    		 - Select -  
    Changes in current operating assets and liabilities:    
     
    		 - Select -  
     
    		 - Select -  
     
    		   $- Select -
     
  2.  
  3.  
  4.  
  5.  
  6.  
 
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