On the basis of the following data for Branch 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 $125,000 was purchased for cash and the land was sold for $15,000. The stock was issued for cash and the only entries in the retained earnings account were net income of $56,000 and cash dividends declared and paid of $18,000.
Definitions:
Left-Hemisphere Damage
Injury or harm to the left side of the brain, often affecting language, analytical, and logical processing abilities.
Gestures
Non-verbal communication methods involving bodily movements, often of the hands and arms, that convey meanings, emotions, or instructions without using words.
Facial Expressions
The use of facial muscles to convey emotions, intentions, or social information.
Hemisphere
Half of a spherical or roughly spherical body, often used in reference to the two halves of the brain or the Earth.
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