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Cash Flows from Operating ActivitiesIndirect Method Staley Inc. reported the following data: ...

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Accounting

Cash Flows from Operating ActivitiesIndirect Method

Staley Inc. reported the following data:

Net income

$272,300

Depreciation expense

57,600

Loss on disposal of equipment

39,900

Increase in accounts receivable

21,300

Increase in accounts payable

10,800

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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Depreciation, Increase in Accounts Payable , Loss on disposal of equipment

Staley Inc. Statement of Cash Flows (partial) 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

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