Question

Bramble Corp. reported net income of $194,800 for 2019. Bramble also reported depreciation expense of $43,200 and a loss of $5,500 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $16,900 for the year, a $18,900 increase in accounts payable, and a $3,100 decrease in prepaid expenses.Prepare the operating activities section of the statement of cash flows for 2019.

Answer 1

Answer:

The operating activities section of the statement of cash flows for 2019 is $282,400

Explanation:

This an indirect method of preparing cash flow. And indirect method starts with net income.

Please refer to the attached for the calculation.