Kennedy, Inc. reported the following data: Net income $140,711 Depreciation expense 16,055 Loss on disposal of equipment (10,768) Gain on sale of building 21,993 Increase in accounts receivable 7,626 Decrease in accounts payable (2,038) Prepare the cash flows from 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. reported the following data: Net income $140,711 Depreciation expense 16,055 Loss on disposal of equipment (10,768) Gain on sale of building 21,993 Increase in accounts receivable 7,626 Decrease in accounts payable (2,038) Prepare the cash flows from 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.

Name: Kennedy, Inc. reported the following data:Net income$140,711Depreciat
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Description: Kennedy, Inc. reported the following data:Net income$140,711Depreciation expense16,055Loss on disposal of equipment(10,768)Gain on sale of building21,993Increase in accounts receivable7,626Decrease in accounts payable(2,038)Prepare the cash flows fr

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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