On the basis of the following data for Garrett Co. for Years 1 and 2 ended December 31, prepare a statement of cash flows using the indirect method of reporting cash flows from operating activities. Assume that equipment costing $125,000 was purchased for cash and equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000; that the stock was issued for cash; and that the only entries in the retained earnings account were for net income of $56,000 and cash dividends declared of $18,000. 
Definitions:
Self-Help Support Groups
Community-based groups where individuals with common experiences or concerns offer each other emotional and practical support.
Family Therapy
A form of psychotherapy that aims to address and improve problematic interactions and communication patterns within a family system.
Couples Therapy
A form of psychotherapy aimed at resolving relationship issues through communication and problem-solving strategies among partners.
Family Therapy
Family therapy is a form of psychotherapy that aims to address psychological, behavioral, and emotional issues by working with the family as a whole.
Q13: Cash paid for equipment would be reported
Q75: In the vertical analysis of an income
Q80: The balance sheet is also called the
Q82: Cash paid to acquire treasury stock should
Q84: How is treasury stock shown on the
Q91: For accounting purposes, stated value is treated
Q105: The par value of common stock must
Q132: During the first year of operations, a
Q142: Notes payable (due in 60 days)would appear
Q182: Kansas Company acquired a building valued at