Preparation of Statement of Cash Flows Using the Indirect Method for Tiger Enterprises

This assignment involves preparing a statement of cash flows for Tiger Enterprises using the indirect method.

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Preparation of Statement of Cash Flows Using the Indirect Method for TigerEnterprisesE4-22-Tiger EnterprisesRequired:Prepare Tiger’s statement of cash flows, using the indirect method to present cash flows from operatingactivities.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 receivable80Increase in inventory(40)Increase in prepaid insurance(30)Decrease in accounts payable(60)Decrease in administrative and other payables(100)

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