a comparative balance sheet for tiger

Project Description:

a comparative balance sheet for tiger company appears below:
tiger company
comparative balance sheet
12/31/2008 12/31/2007
assets
cash $23,000 $10,000
accounts receivable 18,000 14,000
inventory 27,000 18,000
prepaid expenses 6,000 9,000
long-term investments -0- 18,000
equipment 60,000 32,000
accumulated depreciation—equipment (18,000) (14,000)
total assets $116,000 $87,000
liabilities and stockholders' equity
accounts payable $17,000 $7,000
bonds payable 37,000 47,000
common stock 40,000 23,000
retained earnings 22,000 10,000
total liabilities and stockholders' equity $116,000 $87,000
additional information:
1. net income for the year ending december 31, 2008 was $24,000.
2. cash dividends of $12,000 were declared and paid during the year.
3. long-term investments that had a cost of $18,000 were sold for $16,000.
4. sales for 2008 were $120,000.


instructions: prepare a statement of cash flows for the year ended december 31, 2008, using the indirect method.

tiger company
statement of cash flows
for the year ended december 31, 2008
Skills Required:
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Price Type: Negotiable

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