Statement of Cash Flows Using a Work Sheet-Indirect Method (Appendix)
Refer to all of the facts in Problem 12-9.
Required
1. Prepare a balance sheet at December 31, 2014.
2. Using the format in the chapter's appendix, prepare a statement of cash flows work sheet.
3. Prepare a statement of cash flows for 2014 using the indirect method in the Operating Activities section.
4. Provide a possible explanation as to why Terrier decided to issue additional bonds for cash during 2014.