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the following are finicial statments of bramble corp The following are the financial statements of Bramble Corp. Additional data: 1. Djvidends declared and paid were
the following are finicial statments of bramble corp
The following are the financial statements of Bramble Corp. Additional data: 1. Djvidends declared and paid were $22,600. 2. During the year, equipment was sold for $9,600 cash. This equipment cost $17.700 originally and had a book value of $9.600 at the time of sale. 3. All depreciation expense, $14,000, is in the operating expenses. 4. All sales and purchases are on account. (a) Prepare a statement of cash flows using the indirect method: (Show omounts that decrease cash flow with either a-sign e.8- 15,000 or in parenthesis e.8. (15,000). Bramble Corp. Statement of Cash Flows For the Year Ended December 31, 2019 Cash Flows from Operating Actlvities Net income Adjustments to reconcile net income to Net Cash Provided by Operating Activities : $ Step by Step Solution
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