Preparation of Statement of Cash Flows (Format Provided)

question 51

Essay

Preparation of statement of cash flows (format provided).The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2015 are presented below. Additional data:1. Net income for the year 2015, $71,000.2. Depreciation on plant assets for the year, $12,700.3. Sold the long-term investments for $28,000 (assume gain or loss is ordinary).4. Paid dividends of $30,000.5. Purchased machinery costing $21,500, paid cash.6. Purchased machinery and gave a $60,000 long-term note payable.7. Paid a $40,000 long-term note payable by issuing common stock.

---

Definitions:

Dominant Strategy

A strategy that is the best for a player in a game regardless of the strategies chosen by the other players.

Cooperating

The act of working together towards a common goal or benefit, often seen in strategic partnerships between businesses or countries.

Prisoners' Dilemma

A situation in game theory where two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Tit-For-Tat

A strategy in game theory where an entity responds to an action with a similar action, often seen in reciprocal altruism or in competitive contexts.