The Comparative Statements of Financial Position for Hirj Inc

question 81

Essay

The comparative statements of financial position for Hirj Inc.appear below:
Additional information:
1.Profit for the year ending December 31,2012 was $27,000.
2.Cash dividends of $13,000 were declared and paid during the year ended December 31,2012.
3.Long-term investments that had a carrying amount of $23,000 were sold for $18,000 in 2012.
Required: Prepare a statement of cash flows for the year ended December 31,2012,using the indirect method.

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Definitions:

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