Bryant Company reports net income of $23,600. For the year, depreciation expense is $10,600 and the company reports a gain of $6,600 from sale of machinery. It also had a $5,600 loss from retirement of notes. Compute cash flows from operations using the ndirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash
Bryant Company reports net income of $23,600. For the year, depreciation expense is $10,600 and the company reports a gain of $6,600 from sale of machinery. It also had a $5,600 loss from retirement of notes. Compute cash flows from operations using the ndirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 48P
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