Question: Cash Flow for Rasputin Corporation. This problem will give you some practice working with financial statements and figuring cash flow. Based on the following information for Rasputin Corporation, prepare an income statement for 2016 and balance sheets for 2015 and 2016. Next, following our U.S. Corporation examples in the chapter, calculate cash flow from assets for Rasputin, cash flow to creditors, and cash flow to stockholders for 2016. Use a 34 percent tax rate throughout. You can check your answers below.
