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MrsSmitty MrsSmitty
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A year ago
The following balances were gathered from Brandon Company's general ledger.

June 30, 2020June 30, 2021
Accounts receivable$120,000$132,000
Inventory180,000197,000
Accounts payable43,00054,000
Accrued liabilities12,00016,000
Income taxes payable22,00015,000
Sales430,000
Cost of goods sold270,000
Operating expenses (includes $15,000 depreciation)112,000
Gain on sale of equipment26,000
Income tax expense17,000
Required:

Using the indirect method, prepare the cash flows provided by operating activities section of Brandon's statement of cash flows for year ending June 30, 2021.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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toastercattoastercat
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A year ago
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MrsSmitty Author
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A year ago
Good timing, thanks!
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Yesterday
Helped a lot
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2 hours ago
You make an excellent tutor!
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