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.
$\bullet$ Assume that equipment costing $25,000 was purchased for cash and no long term assets were sold during the period.
$\bullet$ Stock was issued for cash - 3,200 shares at par.
$\bullet$ Net income for 2010 was $76,000.
$\bullet$ Cash dividends declared and paid were $13,000.

Question

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The Answer of 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.
$\bullet$ Assume that equipment costing $25,000 was purchased for cash and no long term assets were sold during the period.
$\bullet$ Stock was issued for cash - 3,200 shares at par.
$\bullet$ Net income for 2010 was $76,000.
$\bullet$ Cash dividends declared and paid were $13,000.

On the Basis of the Following Data for Breach Co ∙\bullet∙

On the Basis of the Following Data for Breach Co $\bullet$