Solution-Prepare Cash Flows from Operating Activities

Prepare Cash Flows from Operating Activities section

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Reference no: EM133058220

Question - Determining Cash Flows from (Used for) Operating Activities - Yeoman Inc. reported the following data:

Net income $496,900

Depreciation expense 52,100

Loss on disposal of equipment 34,900

Increase in accounts receivable 11,900

Increase in accounts payable 10,000

Required - Prepare the Cash Flows from (used for) 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: EM133058220

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Prepare Cash Flows from Operating Activities section

Reference no: EM133058220

Reference no: EM133058220

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