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Prepare the cash flows from operating activities

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Reference no: EM133158196

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

Net income $281,100

Depreciation expense 55,500

Loss on disposal of equipment 22,300

Increase in accounts receivable 21,700

Increase in accounts payable 10,200

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: EM133158196

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