Refer to all of the facts in Problem 12-9A. Required 1. Prepare a balance sheet at December

Question:

Refer to all of the facts in Problem 12-9A.
Required
1. Prepare a at December 31, 2012.
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 2012 using the indirect method in the Operating Activities section.
4. Provide a possible explanation as to why Poodle decided to purchase and retire bonds during
2012.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...