Additional information: 1. Operating expenses include depreciation expense of $68,922. 2. Land was sold for cash at book value. 3. Cash dividends of $19,692 were paid. 4. Net income for 2017 was $60,716. 5. Equipment was purchased for $150,972 cash. In addition, equipment costing $36,102 with a book value of $16,410 was sold for $13,128 cash. 6. 65,640 shares of $1 par value common stock were issued in exchange for land with a fair value of $65,640. Prepare a statement of cash flows for the year ended December 31, 2017, using the indirect method. (Show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)

What is credit and debit in accounting

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.