ACC 305 Week 2 Problem E4-22 Tiger Enterprises

May 7th, 2015
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ACC 305 Week 2 Problem E4-22 Tiger Enterprises

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E4-22 - Tiger Enterprises Required:Prepare Tigers 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 commo

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