Below Is a Condensed Version of the Comparative Balance Sheets

question 24

Essay

Below is a condensed version of the comparative balance sheets for Stiller Corporation for 2011 and 2012:
$\begin{array}{|l|r|r|}\hline & 2012 & 2011 \\\hline \text { Cash } & \$ 157,000 & \$ 78,000 \\\hline \text { Accounts Receivable } & 180,000 & 185,000 \\\hline \text { Investments } & 52,000 & 74,000 \\\hline \text { Equipment } & 298,000 & 240,000 \\\hline \begin{array}{l}\text { Less Accumulated } \\\text { depreciation }\end{array} & (106,000) & (89,000) \\\hline \text { Current liabilities } & 134,000 & 151,000 \\\hline \text { Common Stock } & 160,000 & 160,000 \\\hline \text { Retained Earnings } & 287,000 & 177,000\\\hline\end{array}$
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.

Understand how cultural dimensions influence business practices and communication.

Distinguish between stereotypes and their impacts on intercultural interactions.

Recognize the importance of adaptability and respect for diversity in global business strategies.

Understand the role of personal space, body language, and non-verbal cues in cross-cultural communication.

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Definitions:

Social Class

A division of a society based on social and economic status.

Postindustrial Society

A society economically dependent upon the production and distribution of services, information, and knowledge.

Agricultural Society

A society that relies on farming and cultivation of the land as the primary source of livelihood and economic activity.

Industrial Society

A society characterized by a reliance on mechanized labor to create goods, leading to urbanization and changes in social structures.