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Home Q & A Board Other Fields Homework Help Business Accounting
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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
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
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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!
macbookpro1
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Yesterday
Helped a lot
Goku935
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2 hours ago
You make an excellent tutor!
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