The Comparative Balance Sheets for Kessler Corporation Appear Below

question 55

Essay

The comparative balance sheets for Kessler Corporation appear below:
Additional information:
1. Profit for the year ending December 31, 2014 was $20,000.
2. Cash dividends of $12,000 were declared and paid during the year.
3. Long-term investments in bonds that had an amortized cost of $18,000 were sold for $16,000.
Instructions
Prepare a cash flow statement for the year ended December 31, 2014, using the indirect method.

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Definitions:

Performance Motivation

The drive to achieve and excel in activities, especially when under evaluation or in competitive contexts.

Mastery

The comprehensive knowledge or skill in a subject or accomplishment, resulting in a high level of competence or proficiency.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, and preferences.

Internality

A personality trait that involves attributing success and failure to one's own efforts and abilities.