Taliaferro Corporation had the following comparative balance sheet information for 2012 and 2013: The company reported net income for 2013 of $80,000. No property, plant & equipment was disposed of during the year. Taliaferro paid $32,000 in cash dividends during 2013. Taliaferro uses the indirect method to prepare the statement of cash flows.
Required:
Prepare Taliaferro's Statement of Cash Flows for 2013.

Question

Taliaferro Corporation had the following comparative balance sheet information for 2012 and 2013:  The company reported net income for 2013 of $80,000. No property, plant & equipment was disposed of during the year. Taliaferro paid $32,000 in cash dividends during 2013. Taliaferro uses the indirect method to prepare the statement of cash flows.
Required:
Prepare Taliaferro's Statement of Cash Flows for 2013.

Quizplus · Accepted Answer

The Answer of Taliaferro Corporation had the following comparative balance sheet information for 2012 and 2013:  The company reported net income for 2013 of $80,000. No property, plant & equipment was disposed of during the year. Taliaferro paid $32,000 in cash dividends during 2013. Taliaferro uses the indirect method to prepare the statement of cash flows.
Required:
Prepare Taliaferro's Statement of Cash Flows for 2013.

Taliaferro Corporation Had the Following Comparative Balance Sheet Information for 2012