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Prepare the cash flows from operating activities section using the direct method.

Prepare the cash flows from operating activities section using the direct method.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 1 of 2 Customers Less cash payments: To Suppliers for Merchandise For Salaries and Wages < For Operating Expenses For Interest For Income Taxes 발 C > zoom 96900 57400 27600 10600 15900 $ $ 208400 -/5 ||| : 51°F Sunny P 8:25 PM 4/5/2023 1)
Transcribed Image Text:Question 1 of 2 Customers Less cash payments: To Suppliers for Merchandise For Salaries and Wages < For Operating Expenses For Interest For Income Taxes 발 C > zoom 96900 57400 27600 10600 15900 $ $ 208400 -/5 ||| : 51°F Sunny P 8:25 PM 4/5/2023 1)
Question 1 of 2 Payment of interest The 2022 accounting records of Bramble Transport provide the following information. Cash sales < Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land > Collection of accounts receivable Cash receipts from $10,600 Cash Flows from Operating Activities 50,100 18,600 15,900 37,500 96,900 74,400 195,500 Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Prepare the cash flows from operating activities section using the direct method. Purchase of equipment for cash Loss on sale of vehicles W Payment of dividends Payment of operating expenses BRAMBLE Transport Statement of Cash Flows-Direct Method For the Year Ended December 31, 2022 $57,400 16,300 812,500 22,300 2,200 13,900 27,600 -/5 ||| 51°F Sunny J 8:24 PM 4/5/2023 1
Transcribed Image Text:Question 1 of 2 Payment of interest The 2022 accounting records of Bramble Transport provide the following information. Cash sales < Receipt of dividend revenue Payment of income taxes Net income Payment for merchandise Payment for land > Collection of accounts receivable Cash receipts from $10,600 Cash Flows from Operating Activities 50,100 18,600 15,900 37,500 96,900 74,400 195,500 Payment of salaries and wages Depreciation expense Proceeds from sale of vehicles Prepare the cash flows from operating activities section using the direct method. Purchase of equipment for cash Loss on sale of vehicles W Payment of dividends Payment of operating expenses BRAMBLE Transport Statement of Cash Flows-Direct Method For the Year Ended December 31, 2022 $57,400 16,300 812,500 22,300 2,200 13,900 27,600 -/5 ||| 51°F Sunny J 8:24 PM 4/5/2023 1
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