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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.
Disaster Recovery Plan
A documented, structured approach with instructions for responding to unplanned incidents such as natural disasters, power outages, or cyber attacks, to quickly restore hardware, applications, and data.
System Failure
The complete malfunction or significant disruption of a system’s operations or processes.
A method of sending messages electronically via the internet from one computer user to one or more recipients.
Network Messages
Digital communications sent between computers or devices on a network to exchange information or data.
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