The Comparative Balance Sheet of Barry Company for Years 1

question 112

Essay

The comparative balance sheet of Barry Company for Years 1 and 2 ended December 31 appears below in condensed form: a) Net income, $75,800.
b) Depreciation reported on income statement, $38,000.
c) Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,000.
d) Bonds payable for $75,000 were retired by payment at their face amount.
e) 2,500 shares of common stock were issued at $30 for cash.
f) Cash dividends declared and paid, $40,000.
g) Investments of $100,000 were sold for $125,000.
Prepare a statement of cash flows using the indirect method.

---

Definitions:

Group Size

The number of individuals forming a social or functional cluster, which can influence dynamics, interaction, and outcomes within the group.

Asch

Refers to the Asch conformity experiments by Solomon Asch, which demonstrate the influence of group pressure on individual judgments.

Normative Influence

The influence of other people that leads us to conform in order to be liked and accepted by them, often guiding behavior and attitudes.

Social Pressure

The influence exerted by others, often peers, on individuals to change their thoughts, feelings, or behaviors to conform to group norms.