Question: Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises. Required: Prepare Tiger's statement of cash flows, using the indirect
Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises.
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Required:
Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities.
(You will have to calculate dividend payments).
TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 $7,000 $3,360 Administrative and other expenses Income before income taxes $ 900 Balance Sheet Information($ in thousands) 8 7 $ 200 Accounts receivable 1,800 Less: Accumulated depreciation Llablltles and Shareholders' Equity: Payables for administraive and other expenses Note payable (due 12/31/2019) $3,000 Total liabilities and shareholders' equity
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