Question

Brandon Inc. reported the following items in its balance sheet and income statement: net income, $92,600; gain on disposal of equipment, $15,800; increase in accounts receivable, $17,400; decrease in accounts payable, $27,900; and increase in common stock, $50,000.

Required:
Compute the net cash flows from operating activities using the indirect method.


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  • CreatedSeptember 22, 2015
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