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Author Question: The following balances were gathered from Brannon Corporation's general ledger.December 31, ... (Read 55 times)

jrobl3

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on: Feb 5, 2023
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.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by jrobl3 on Feb 5, 2023

reactx

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrobl3

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

Missbam101

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Reply 3 on: Yesterday
Excellent

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