Below Is a Condensed Version of the Comparative Balance Sheets

question 7

Essay

Below is a condensed version of the comparative balance sheets for Stiller Corporation for 2011 and 2012:
Additional information:
Investments were sold at a loss (not extraordinary)of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000.
Required:
(a)Prepare a statement of cash flows for 2012 for Stiller Corporation.
(b)Calculate the company's free cash flow.

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Definitions:

Exosystem

A term from Bronfenbrenner's ecological systems theory referring to societal settings that indirectly influence an individual, such as a parent's workplace.

Mesosystem

The mesosystem is a concept in ecology and developmental psychology that refers to the interconnections between the microsystems in a person's life, such as family, school, and neighborhood.

Microsystem

A term from ecological systems theory referring to the immediate environment in which an individual interacts, such as family or school.

Gender Roles

The characteristics, attitudes, feelings, and behaviors that society expects of males and females.