Brinker International operates Chili's, Macaroni Grill, and other restaurant chains. The following items are classified as current
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Brinker International operates Chili's, Macaroni Grill, and other restaurant chains. The following items are classified as current liabilities on Brinker International's balance sheets as of 2014 and 2013:
Required
1. Brinker uses the indirect method to prepare its statement of cash flows. Prepare the Operating Activities section of the cash flow statement, which indicates how each item will be reflected as an adjustment to net income.
2. Explain why an increase in a current liability account such as Accounts Payable appears as .1 positive amounts on the statement of cash flows.
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Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9781305793194
10th Edition
Authors: Gary A. Porter, Curtis L. Norton
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