On the Basis of the Following Data for Breach Co

question 96

Essay

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:

Unpleasant Memory

A recollection of past events or experiences that evoke negative emotions, such as sadness, fear, or trauma.

Consciousness

The state of being aware of and able to think about oneself, the environment, and one's thoughts and feelings; the subjective experience of awareness.

Suppressing

The act of consciously or unconsciously inhibiting or restraining an impulse, desire, or the expression of a thought or feeling.

Displacement

In physics, the movement of an object from one position to another or the volume displaced by an object in a fluid.