Question: Statement of Cash Flows Using a Work SheetIndirect Method Refer to all of the facts in Problem 12-9. Required 1. Prepare a balance sheet at

Statement of Cash Flows Using a Work Sheet—Indirect Method Refer to all of the facts in Problem 12-9.

Required

1. Prepare a balance sheet at December 31, 2010.

2. Using the format in the chapter’s appendix, prepare a statement of cash flows work sheet.

3. Prepare a statement of cash flows for 2010 using the indirect method in the Operating Activities section.

4. Provide a possible explanation as to why Terrier decided to issue additional bonds for cash during 2010. Multi-Concept Problems

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1 Balance sheet TERRIER COMPANY BALANCE SHEET DECEMBER 31 2010 IN THOUSANDS OF DOLLARS Cash 95 1 Accounts receivable 165 2 Total current assets 260 Land 400 3 Plant and equipment 700 4 Accumulated dep... View full answer

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