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:

Household Responsibilities

Tasks and activities associated with managing and maintaining a home, such as cleaning, cooking, and managing finances.

Self-Disclosure

The act of revealing personal, private, or sensitive information about oneself to others, facilitating greater intimacy and trust in relationships.

Relational Aggression

Nonphysical acts aimed at harming a person’s connections with others, such as by exclusion and rumor spreading.

Risky Behaviors

Actions that expose individuals to harm or hold a significant chance of negative outcomes, often associated with health or safety.