Question: prepare a cash flows for the year ended 2020, using the indirect method Current Attempt in Progress A comparative balance sheet for Bramble Corporation is



prepare a cash flows for the year ended 2020, using the indirect method
Current Attempt in Progress A comparative balance sheet for Bramble Corporation is presented below: BRAMBLE CORPORATION Comparative Balance Sheet Assets 2020 Cash $42.600 Accounts receivable (net) 73.300 Prepaid insurance 28,300 Land 20.200 Equipment 72,200 Accumulated depreciation (23,300) Total assets $213.300 Accounts payable $14.300 Bonds payable 29.200 Common stock 146,600 Retained earnings 23.200 Total liabilities and stockholders' equity $213.300 Liabilities and Stockholders' Equity 2019 $33.200 62,200 19.200 49.900 62,200 (15,200) $211,500 $8.200 21.200 117,200 64,900 $211,500 Additional information: 1. Net loss for 2020 is $25,500. 2. Cash dividends of $16,200 were declared and paid in 2020. 3. Land was sold for cash at a loss of $6,200. This was the only land transaction during the year. 4. Equipment with a cost of $19,400 and accumulated depreciation of $12,200 was sold for $7,200 cash. 5. $24,200 of bonds were retired during the year at carrying (book) value. 6. Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $29,400. Prapera statement of cash flows for the year anded 2020 using the Indirect method. Show amounts that decreuse cash flow with either 15.000 or in parenthes(15,000 BRAMBLE CORPORATION Statement of Cash Flows Adjustments to recondie net Income to Savc for Lappe > > > > > > > > > > > 3 15 Attempts: 0 of 1 used Submit Arawer
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