acc305_wk_2_e4_22

Apr 17th, 2015
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Hi there.This document contains A+ work for the course ACC 305.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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E4-22 - Tiger Enterprises Required:Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities. Exercise 4-22Tiger EnterprisesStatement of Cash FlowsFor the Year Ended December 31, 2011($ in thousands)Cash flows from operating activities:Net income$ 900Adjustments for noncash effects: Depreciation expense240Changes in operating assets and liabilities: Decrease in accounts receivable 80 Increase in inventory(40) Increase in prepaid insurance (30) Decrease in accounts payable(60) Decrease in administrative and other payables(100) Increase in income taxes payable 50 Net cash flows from operating activities$1,040Cash flows from investing activities:Purchase of plant and equipment (300)Cash flows from financing activities:Proceeds from issuance of common sto

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