Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
MrsSmitty MrsSmitty
wrote...
Go to Answer
Posts: 149
Rep: 0 0
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
Sales​430,000
Cost of goods sold​270,000
Operating expenses (includes $15,000 depreciation)​112,000
Gain on sale of equipment​26,000
Income tax expense​17,000
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
Author:
Read 47 times
1 Reply
Replies
Answer verified by a subject expert
toastercattoastercat
wrote...
#1
Posts: 158
Rep: 2 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

MrsSmitty Author
wrote...

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

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
yen
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  2062 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 128
  
 73
  
 448
Your Opinion
What's your favorite coffee beverage?
Votes: 303
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?