Kennedy, Inc. reported the following data:Net income$149,333Depreciation expense16,206Loss on disposal of equipment(10,457)Gain on sale of building21,852Increase in accounts receivable9,450Decrease in accounts payable(3,853)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.Statement of Cash FlowCash flows from operating activities:Adjustments to reconcile net income to net cash flow from operating activities:Changes in current operating assets and liabilities:Net cash flow from operating activities%24%24

Kennedy Inc. Cash Flow Statement (Indirect Method) Cash Flow from Operating Activities Amount…

Kennedy, Inc. reported the following data: Net income $149,333 Depreciation expense 16,206 Loss on disposal of equipment (10,457) Gain on sale of building 21,852 Increase in accounts receivable 9,450 Decrease in accounts payable (3,853) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Us I minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities

Kennedy, Inc. reported the following data: Net income $149,333 Depreciation expense 16,206 Loss on disposal of equipment (10,457) Gain on sale of building 21,852 Increase in accounts receivable 9,450 Decrease in accounts payable (3,853) Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. Us I minus sign to indicate cash outflows, a decrease in cash, cash payments, or any negative adjustments. Kennedy, Inc. Statement of Cash Flow Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities

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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Similar questions

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