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Cash Flows from Operating Activities—Indirect Method

Staley Inc. reported the following data:

Net income $396,200
Depreciation expense 61,250
Loss on disposal of equipment 27,600
Increase in accounts receivable 9,000
Increase in accounts payable 3,350

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 out flows, cash payments, decreases in cash, or any negative adjustments.

Respuesta :

$396,200 + 61,250 +   27,600+ 9,000+ = 479,000 dollars

Answer:

                                                 Staley Inc.

                               Statement of Cash Flow(Partial)

1.  Cash flow from operating activities

2. Net Income                                                                  $396,200

3. Adjustments to reconcile net Income to net

  Cash flow from operating activities:

4. Depreciation                                                    $61,200

5.Loss on Disposal of equipment                       $27,600

                                                                                           $88,800

6. Changes in current operating assets & liabilities:

7. Increase in account receivable                          -$9,000

8. Increase in accounts payable                              $3,350

                                                                                              -5650

9.  Cash generated from operations                                   83,150

     

Explanation:

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