On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method.
Assume that equipment costing $25,000 was purchased for cash and no long term assets were sold during the period.
Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends declared and paid were $13,000. 
Definitions:
Aggregate Demand
Aggregate demand represents the total demand for goods and services within an economy at a given overall price level and time period.
John Maynard Keynes
A British scholar in economics whose contributions had a profound impact on how macroeconomics is understood and applied by governments.
Unemployment Rate
A measure indicating the proportion of the workforce that is not employed but is actively seeking work and willing to work.
Recessionary Gap
The difference between the actual output of an economy and the output it would produce if it were at full employment, indicating underperformance.
Q4: A change from one acceptable accounting method
Q38: securities not held for trading or to
Q53: Assume the following sales data for a
Q57: Conversion costs are the combination of direct
Q94: Earnings per share amounts are only required
Q108: For a construction contractor, the wages of
Q119: The percentage analysis of increases and decreases
Q145: Under the direct method of preparing a
Q147: Comprehensive income does not affect net income
Q152: Accounting for the sale of stock is