Presented here are the financial statements Bramble Company
Income Statement
For the Year Ended December Net income
Additional data:
Depreciation expense was $
Dividends declared and paid were $
During the year equipment was sold for $ cash. This equipment cost $ originally and had accumulated depreciation of $ at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash. Prepare a statement of cash flows using the indirect method. Show amounts that decrease cash flow with either a sign eg
or in parenthesis eg
Bramble Company
Statement of Cash Flows Indirect Method
For the Year Ended December
Cash Flows from Operating Activities
Net Income
Adjustments to reconcile net income to
Net Cash Provided by Operating Activities
Depreciation Expense
$
Increase in Accounts Receivable
longrightarrowNet Cash Provided by Investing Activities
Cash Flows from Financing Activities
Issuance of Common Stock of Bramble Company.
