Compute the net cash flows from operating activities

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Reference no: EM13943832

COMPUTING NET CASH FLOW FROM OPERATING ACTIVITIES

Brandon Inc. reported the following items in its balance sheet and income statement: net income, $85,600; gain on sale of equipment, $12,800; increase in accounts receiva- ble, $15,400; decrease in accounts payable, $25,900, and increase in common stock, $40,000.

Required:

Compute the net cash flows from operating activities using the indirect method.

Reference no: EM13943832

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