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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

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file 1496763322-Answer.docx preview (212 words )
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