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Category > Accounting Posted 23 May 2017 My Price 4.00

Bracewell Company reported net income of $195,000 for 2014

 

E13-4 Bracewell Company reported net income of $195,000 for 2014. Bracewell also reported depreciation expense of $40,000 and a gain of $5,000 on disposal of plant assets. The comparative balance sheet shows an increase in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $4,000 decrease in prepaid expenses.

 

Instructions

Prepare the operating activities section of the statement of cash flows for 2014. Use the indirect method.

 

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 23 May 2017 05:05 PM My Price 4.00

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file 1495559903-Answer.docx preview (101 words )
E-----------13------------4 -----------Bra-----------cew-----------ell----------- Co-----------mpa-----------ny -----------rep-----------ort-----------ed -----------net----------- in-----------com-----------e o-----------f $-----------195-----------,00-----------0 f-----------or -----------201-----------4. -----------Bra-----------cew-----------ell----------- al-----------so -----------rep-----------ort-----------ed -----------dep-----------rec-----------iat-----------ion----------- ex-----------pen-----------se -----------of -----------$40-----------,00-----------0 a-----------nd -----------a g-----------ain----------- of----------- $5-----------,00-----------0 o-----------n d-----------isp-----------osa-----------l o-----------f p-----------lan-----------t a-----------sse-----------ts.----------- Th-----------e c-----------omp-----------ara-----------tiv-----------e b-----------ala-----------nce----------- sh-----------eet----------- sh-----------ows----------- an----------- in-----------cre-----------ase----------- in----------- ac-----------cou-----------nts----------- re-----------cei-----------vab-----------le -----------of -----------$15-----------,00-----------0 f-----------or -----------the----------- ye-----------ar,----------- a -----------$17-----------,00-----------0 i-----------ncr-----------eas-----------e i-----------n a-----------cco-----------unt-----------s p-----------aya-----------ble-----------, a-----------nd -----------a $-----------4,0-----------00 -----------dec-----------rea-----------se -----------in -----------pre-----------pai-----------d e-----------xpe-----------nse-----------s. -----------  ----------- I-----------nst-----------ruc-----------tio-----------ns ----------- Pr-----------epa-----------re -----------the----------- op-----------era-----------tin-----------g a-----------cti-----------vit-----------ies----------- se-----------cti-----------on -----------of -----------the----------- st-----------ate-----------men-----------t
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