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. Use the minus sign to indicate cash outflows, a decrease in cash, or cash payments. 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 2011 was $76,000. Cash dividends declared and paid were $13,000. I have very limited time left as this is a timed assignment, please help ! Thanks.
racheeta · Feb 15, 2015 3:24 PM · 4,374 views
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MaGorkhe1 · Feb 15, 2015 8:05 PM
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