E4-22 - Tiger Enterprises

Required:

Prepare Tiger's statement of cash flows, using the indirect method to present cash flows from operating activities.

Exercise 4-22

Tiger Enterprises

Statement of Cash Flows

For the Year Ended December 31, 2011

( in thousands)

Cash flows from operating activities:

Net income 900

Adjustments for noncash effects:

Depreciation expense240

Changes 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 activities1,040

Cash flows from investing activities:

Purchase of...