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
No comments:
Post a Comment