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Author Question: The following information was gathered from Burton Company's financial records:Net ... (Read 43 times)

booty5

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The following information was gathered from Burton Company's financial records:

Net income$45,000
Depreciation expense18,000
Beginning cash balance12,000
Increase in accounts receivable6,000
Decrease in inventory8,000
Increase in accounts payable5,000
Decrease in accrued liabilities3,000
Repayment of bank loan15,000
Purchase of equipment26,000

Required:

Using the indirect method, prepare a statement of cash flows for Burton Company.


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Marked as best answer by booty5 on Feb 5, 2023

psuniv

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booty5

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


dreamfighter72

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Reply 3 on: Yesterday
Excellent

 

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