The comparative balance sheet of Barry Company, for 2011 and the preceding year ended December 31, 2010, appears below in condensed form:
Additional data for the current year are as follows:
Prepare a statement of cash flows using the indirect method.
Definitions:
Honor
A quality of integrity, fairness, and honesty in one's beliefs and actions.
Certify
To officially recognize, verify, or endorse a particular status, qualification, or fact.
Bank
A financial institution licensed to receive deposits and make loans, and may offer various other financial services, like wealth management, currency exchange, and safe deposit boxes.
Substantially Impair
A legal term describing conditions where the value, use, or function of something is significantly decreased or hindered.
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