The comparative balance sheet for Anderson Travel Services, Inc., for December 31, 2012 and 2011, is as

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The comparative balance sheet for Anderson Travel Services, Inc., for December 31, 2012 and 2011, is as follows:
The comparative balance sheet for Anderson Travel Services, Inc., for

The following information is taken from the records of Anderson Travel Services, Inc.:
a. Land was sold for $13,200.
b. Equipment was purchased for cash.
c. There were no disposals of equipment during the year.
d. The common stock was issued for cash.
e. Net income for 2012 was $32,000.
f. Cash dividends paid during the year were $5,000.
Anderson Travel Services, Inc., uses the indirect method for preparing the statement of cash flows. Prepare the operating section of the statement of cash flows for 2012.

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Managerial Accounting

ISBN: 978-0132890540

3rd edition

Authors: Karen W. Braun, Wendy M. Tietz

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