Answered: Determining Cash Flows from (Used for)…

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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Determining Cash Flows from (Used for) Operating Activities

Yeoman Inc. reported the following data:

Net income	$278,500
Depreciation expense	64,100
Loss on disposal of equipment	30,100
Increase in accounts receivable	16,700
Increase in accounts payable	10,100

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.

Yeoman Inc.Statement of Cash Flows (partial)

Cash flows from (used for) operating activities:
	$- Select -
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
	- Select -
	- Select -
Changes in current operating assets and liabilities:
	- Select -
	- Select -
Net cash flows from operating activities		$fill in the blank 11

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