Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 472 Weeks Ago, 3 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 06 Jun 2017 My Price 7.00

Effects of Brinker International’s Current Liabilities on Its Statement of Cash Flows

 

Problem 9-3 Effects of Brinker International’s Current Liabilities on Its Statement of Cash Flows

Brinker International operates Chili’s, Macaroni Grill, and other restaurant chains. The follow- ing items are classified as current liabilities on Brinker International’s balance sheets as of 2011 and 2010:


LO3


Brinker International, Inc.

 

 

 

 

Current installments of long-term  debt

$  22,091

 

$  16,866

Accounts payable

87,549

 

112,824

Accrued liabilities

287,365

 

300,540

Income taxes payable

8,596

 

19,647

Total current liabilities

$405,601

 

$449,877

 

 

Required

1.        Brinker uses the indirect method to prepare its statement of cash flows. Prepare the Operat- ing 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 a positive amount on the statement of cash flows.

 


 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 06 Jun 2017 03:06 PM My Price 7.00

-----------

Attachments

file 1496763322-Answer.docx preview (212 words )
P-----------rob-----------lem----------- 9------------3 E-----------ffe-----------cts----------- of----------- Br-----------ink-----------er -----------Int-----------ern-----------ati-----------ona-----------lâ€-----------™s -----------Cur-----------ren-----------t L-----------iab-----------ili-----------tie-----------s o-----------n I-----------ts -----------Sta-----------tem-----------ent----------- of----------- Ca-----------sh -----------Flo-----------ws ----------- Br-----------ink-----------er -----------Int-----------ern-----------ati-----------ona-----------l o-----------per-----------ate-----------s C-----------hil-----------iâ€-----------™s,----------- Ma-----------car-----------oni----------- Gr-----------ill-----------, a-----------nd -----------oth-----------er -----------res-----------tau-----------ran-----------t c-----------hai-----------ns.----------- Th-----------e f-----------oll-----------ow------------ in-----------g i-----------tem-----------s a-----------re -----------cla-----------ssi-----------fie-----------d a-----------s c-----------urr-----------ent----------- li-----------abi-----------lit-----------ies----------- on----------- Br-----------ink-----------er -----------Int-----------ern-----------ati-----------ona-----------lâ€-----------™s -----------bal-----------anc-----------e s-----------hee-----------ts -----------as -----------of -----------201-----------1 a-----------nd -----------201-----------0: ----------- -----------LO3----------- ----------- Br-----------ink-----------er -----------Int-----------ern-----------ati-----------ona-----------l, -----------Inc-----------. -----------  -----------  ----------- Â-----------  -----------  ----------- Cu-----------rre-----------nt -----------ins-----------tal-----------lme-----------nts----------- of----------- lo-----------ng------------ter-----------m Â----------- de-----------bt -----------$ Â----------- 22-----------,09-----------1 Â-----------  $-----------  -----------16,-----------866-----------
Not Rated(0)