On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method.
Assume that equipment costing $25.000 was purchased for cash and no long term assets were told during the period.
- Stock was issued for cash- 3, 200 shares at par.
- Net income for the current year was $76,000
- Cash dividends declared and paid were $13.000.
Current Year Prior YearCash $170,000 $74,000Accounts receivable (net) 78,000 85,000Inventories 106,500 90,000Equipment 395,000 370,000Accumulated depreciation (195,000) (158,000)Accounts payable (merchandise creditors) $51,000 $50,000Taxes payable|2,500|5,000Common stock, $10 par 262,000 230,000Retained earnings 239,000 176,000$554,500 $461,000

Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes