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Author Question: The following balances were gathered from Brandon Company's general ledger.June 30, 2020June 30, ... (Read 56 times)

parker123

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on: Feb 5, 2023
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.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by parker123 on Feb 5, 2023

Sophia0717

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Reply #1 on: Feb 5, 2023
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parker123

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Reply 2 on: Feb 5, 2023
Wow, this really help

at

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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