Taliaferro Corporation Had the Following Comparative Balance Sheet Information for 2012

question 62

Essay

Taliaferro Corporation had the following comparative balance sheet information for 2012 and 2013: The company reported net income for 2013 of $80,000. No property, plant & equipment was disposed of during the year. Taliaferro paid $32,000 in cash dividends during 2013. Taliaferro uses the indirect method to prepare the statement of cash flows.
Required:
Prepare Taliaferro's Statement of Cash Flows for 2013.

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Definitions:

Cognitive Domain

Pertains to intellectual capabilities and processes such as thinking, knowing, remembering, and problem-solving.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.

Big Five

Refers to the five broad dimensions of personality traits identified by psychology, namely openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Dominance

The power and influence one entity has over others, often established through a hierarchy, control of resources, or physical strength.