Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: Net income $413,300...
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Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: Net income $413,300 Depreciation expense 52,900 Loss on disposal of equipment 32,500 Increase in accounts receivable 20,800 Increase in accounts payable 10,200 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.
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