On the Basis of the Following Data for Breach Co

question 22

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:

Eardrum

A thin membrane in the ear that vibrates in response to sound waves, playing a key role in the sense of hearing.

Cochlea

A spiral-shaped, fluid-filled inner ear structure essential for converting sound waves into electrical signals that the brain interprets as sound.

Color Vision Deficiency

Color vision deficiency, often called color blindness, is the inability or decreased ability to see color or perceive color differences under normal lighting conditions.

Abnormality

In psychology, a deviation from the average or norm that is deemed significant enough to cause dysfunction or distress.