Question: Do It! Review 12-2a Your answer is partially correct. Try again. Bramble Corp. reported net income of $114,500 for 2019. Included in the income statement


Do It! Review 12-2a Your answer is partially correct. Try again. Bramble Corp. reported net income of $114,500 for 2019. Included in the income statement were depreciation expense of $5,000, amortization expense of s2,500, and a gain on disposal of plant assets of $3,900. Bramble's comparative balance sheets show the following balances. Accounts receivable Accounts payable 12/31/18 $27.900 6,300 12/31/19 $21,600 9,400 Calculate net cash provided by operating activities for Bramble Corp. using 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. Statement of Cash Flows For the Year Ended 2019 Cash Flows from Operating Activities Net Income 114,600 Adjustments to reconcile net income to Net Cash Used by Operating Activities Depreciation Expense 5,000 Adjustments to reconcile net income to Net Cash Used by Operating Activities Depreciation Expense 5,000 Amortization Expense 2,500 Gain on Disposal of Plant Assets 3,900 Decrease in Accounts Receivable 3,900 Increase in Accounts Payable Net Cash Provided by Operating Activities LINK TO TEXT Question Attempts: 3 of 5 used
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