Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bluejean bluejean
wrote...
Go to Answer
Posts: 135
Rep: 0 0
A year ago
The following balances were gathered from Brannon Corporation's general ledger.

​December 31, 2020December 31, 2021
Accounts receivable$  60,000$  62,000
Inventory150,000147,000
Accounts payable42,00034,000
Accrued liabilities2,0008,000
Income taxes payable2,0003,000
Sales​380,000
Cost of goods sold​210,000
Operating expenses (includes $5,000 depreciation)​82,000
Gain on sale of equipment​6,000
Income tax expense​17,000
Required:

Using the indirect method, prepare the cash flows provided by operating activities section of Brannon's statement of cash flows for 2021.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 30 times
1 Reply
Replies
Answer verified by a subject expert
Marth6377Marth6377
wrote...
#1
Posts: 112
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bluejean Author
wrote...

A year ago
Good timing, thanks!
GeorgeNeist
wrote...

Yesterday
Thanks
Ivansitospeed@g
wrote...

2 hours ago
this is exactly what I needed
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1123 People Browsing
 105 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 83
  
 246
  
 22
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?