Exercise 12-8 Bramble Corp.'s comparative balance sheets are presented below. Cash Accounts receivable Land Bramble Corp. Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2019 $ 14,600 21,100 19,900 69,800 (15,200) $110,200 $ 11,900 75,100 23,200 $110,200 2018 $ 10,500 23,500 26,100 69,800 (10,800) $119,100 $ 28,500 71,000 19,600 $119,100 Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2019. 3. The land was sold for cash of $4,500. Prepare a statement of cash flows for 2019 using the indirect method (15.000)) (56) 4
Exercise 12-8 Bramble Corp.'s comparative balance sheets are presented below. Cash Accounts receivable Land Bramble Corp. Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2019 $ 14,600 21,100 19,900 69,800 (15,200) $110,200 $ 11,900 75,100 23,200 $110,200 2018 $ 10,500 23,500 26,100 69,800 (10,800) $119,100 $ 28,500 71,000 19,600 $119,100 Additional information: 1. Net income was $22,600. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2019. 3. The land was sold for cash of $4,500. Prepare a statement of cash flows for 2019 using the indirect method (15.000)) (56) 4
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 12-8
Bramble Corp.'s comparative balance sheets are presented below.
Cash
Accounts receivable
Land
Buildings
Accumulated depreciation-buildings
Total
Accounts payable
Common stock
Retained earnings
Total
Bramble Corp.
Comparative Balance Sheets
December 31
e here to search
2019
$ 14,600
21,100
19,900
69,800
(15,200)
$110,200
O
$ 11,900
75,100
23,200
$110,200
Additional information:
1. Net income was $22,600. Dividends declared and paid were $19,000.
2. No noncash investing and financing activities occurred during 2019.
3. The land was sold for cash of $4,500.
2018
$ 10,500
23,500
26,100
69,800
(10,800)
Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts th
(15,000).)
X
Di e
$119,100
E
$ 28,500
71,000
19,600
$119,100
CHE
a
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