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The comparative balance sheet of ConnieJo Company, for December 31, Years 1 and 2 ended December 31 appears below in condensed form:
Additional data for the current year are as follows:
a) Fully depreciated equipment costing $39,000 was scrapped, no salvage, and equipment was purchased for $157,000.
b) Bonds payable for $100,000 were retired by payment at their face amount.
c) 5,000 shares of common stock were issued at $15 for cash.
d) Cash dividends declared were paid $28,000.
e) All sales are on account.
Prepare a statement of cash flows, using the direct method of reporting cash flows from operating activities.
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Overly Critical Conscience
Describes a state where an individual has an excessively harsh or demanding internal moral judgment, often leading to feelings of guilt or inadequacy.
Rigid Moral Values
Firm and inflexible beliefs about what is right or wrong, which strongly influence an individual's behavior and judgments.
Lower Academic Performance
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