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B88101 B88101
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A year ago
The following information was gathered from Brandon Corporation's financial records:

Net income$65,000
Depreciation expense12,000
Beginning cash balance22,000
Decrease in accounts receivable12,000
Increase in inventory8,000
Decrease in accounts payable6,000
Decrease in accrued liabilities2,000
Proceeds from bank loan25,000
Payment of dividends to stockholders16,000
Purchase of land35,000

Required:

Using the indirect method, prepare a statement of cash flows for Brandon Corporation. Omit the statement heading.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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neginakbarinneginakbarin
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A year ago
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