Question
Exercise 12-04 Bramble Corp. reported net income of $206,930 for 2022. Bramble Corp. also reported depreciation expense of $33,830 and a loss of $4,940 on
Exercise 12-04 Bramble Corp. reported net income of $206,930 for 2022. Bramble Corp. also reported depreciation expense of $33,830 and a loss of $4,940 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $15,280 for the year, a $16,620 increase in accounts payable, and a $4,190 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Bramble Corp. Partial Statement of Cash Flows Choose the accounting period Select an opening section name Select an item $ Enter a dollar amount Adjustments to reconcile net income to Select an opening name for subsection Select an item $ Enter a dollar amount Select an item Enter a dollar amount Select an item Enter a dollar amount Select an item Enter a dollar amount Select an item Enter a dollar amount Enter a total amount for this subsection Select a closing section name $ Enter a total amount for this section
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