On the Basis of the Following Data for Breach Co

question 155

Essay

On the basis of the following data for Breach Co. for the year ended December 31, 2011 and the preceding year, prepare a statement of cash flows using the indirect method of reporting cash flows from operating activities.
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 2010 was $76,000.
Cash dividends declared and paid were $13,000.

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Definitions:

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A form of psychotherapy developed by Carl Rogers that focuses on providing a supportive environment where clients can enhance their self-understanding and find their own solutions to problems.

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A group of psychotherapies that focus on exploring the human condition, including themes of freedom, death, isolation, and meaning, to help individuals confront existential crises.

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The inherent tendency of individuals to grow, develop, and realize their fullest potential.