Use the Following Information to Prepare a Statement of Cash

question 56

Essay

Use the following information to prepare a statement of cash flows (indirect method)for Sink Industries for the year ended December 31,2010:
Net income for the year 2010 was $5,000.Accounts receivable decreased $2,000,while inventories increased $4,000,and accounts payable decreased $7,000.Depreciation expense included in net income was $8,000.
During the year,a piece of land held for future expansion was sold for its book value of $8,000 and a new service truck was purchased for $14,000.
The company borrowed $18,000 on a two-year note from the bank.Dividends of $6,000 were paid in cash.Preferred stock was issued to retire $7,000 of long-term notes payable.
The beginning cash balance was $10,000 and the ending balance was $20,000. 

Understand the significance of the "Big Five" personality traits and their impact on individuals.

Recognize the influence of immediate and extended family on personality and social values.

Grasp the concept of personality preference and its components.

Acknowledge the role of social and group experiences in personality development.

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Definitions:

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