Question: Prepare Partial Statement of Cash Flows - direct method The income statement of Bramble Company is presented here. 1. Accounts receivable decreased $414,800 during the


Prepare Partial Statement of Cash Flows - direct method
The income statement of Bramble Company is presented here. 1. Accounts receivable decreased $414,800 during the year, and inventory decreased $348,900. 2. Prepaid expenses increased $181,600 during the year. 3. Accounts payable to suppliers of inventory decreased $347,900 during the year. 4. Accrued expenses payable decreased $102,300 during the year. 5. Administrative expenses include depreciation expense of $110,500. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) repare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow ith either a - sign e.g. 15.000 or in barenthesis e.g. (15.000).)
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