Business, 26.01.2021 01:20 ciaraCochran1876

Kennedy, Inc. reported the following data: Net income $127,659
Depreciation expense 16,038
Loss on disposal of equipment 11,080
Gain on sale of building 18,917
Increase in accounts receivable 7,995
Decrease in accounts payable 3,476
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 Flow
Cash flows from operating activities:
Net income
$
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation expense
Loss on disposal of equipment
Gain on sale of building
Changes in current operating assets and liabilities:
Increase in accounts receivable
Decrease in accounts payable
Net cash flow from operating activities

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Answer from: LTLICKME7437

Net cash flow from operating activities is $124,389.

Explanation:

Cash flows from operating activities section of the cash flow statement shows the sources and uses of cash from ongoing normal business activities of a company in a particular period.

The cash flows from operating activities section of the statement of cash flows of Kennedy, Inc. can be prepared as follows:

Kennedy, Inc.

Statement of Cash Flow

Particulars Amount ($)

Cash flows from operating activities:

Net income 127,659

Adjustments to reconcile net income

to net cash flow from operating activities:

Depreciation expense 16,038

Loss on disposal of equipment 11,080

Gain on sale of building (18,917)

Changes in current operating assets and liabilities:

Increase in accounts receivable (7,995)

Decrease in accounts payable (3,476)

Net cash flow from operating activities 124,389

Answer from: Quest

i think the answer to your question is b. directive

Answer from: Quest

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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Kennedy, Inc. reported the following data: Net income $127,659
Depreciation expense 16,038

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