210 The Role of Accounting as an Information System SECTION 1 Presenied below is the 2018 income statement and comparative statement of financial position information for Statement of cash Tiger Enterprises. indirect . L09 Statement Of cash flows; direct method e L09 S research e LOO E 4-22 IFRS research L07 L09 TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2013 (S in thousands) Sales revenue Operating expenses: Cost Of goods sold Depreciation Insurance Administrative and Other Total operating expenses Income before income taxes Income tax expense Net income Statement Of Financial position information (S in thousands) Asse ts. Cash Accounts receivable Inventory prepaid insurance Plant and equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable payables administrative and other expenses Income taxes payable Note payable (due 12/31/2014) Ordinary share capital Retained earnings Total liabilities and shareholders' equity Required: S3.360 240 100 1,800 Dec. 31, 2013 s 300 750 640 50 (840) S3,ooo s 300 300 200 800 900 500 S3,ooo $7,000 5,500 l,soc 900 Dec. 31.2012 s 200 830 20 1 ,EOO (600) 32,850 s 360 150 600 300 S2,850 Prepare Tiger's statement of c:wsh flows. using the indirect method to present c.psh flows from operating activities (Hint: You will have to calculate dividend payments.) Assume that dividends paid are classiiicd as financing flows.) Refer to the situation described in Exercise419. Required: Prepare the cash flows from operating activities section of Tiger's 201* statement of cash flows using the direct method, Assume that all purchases and sales Of inventory on account. and tiwre are no anticipated bad debts for accounts receivable. Assume that dividends paid are classified as financing cash flows. (Hint: Use T-accounts for the pertinent items to isolate the information needed for the statement.) Access the IFRS at the IASB website (www.ifrs.org), Required: l, What is the specific citation that describes the additional information for earnings per share that must be included in the notes to the financial statements? 2. Describe lhe required disclosures. Access the IFRS at the IASB website (www.ifrs.org). Determine the slkcific citation for each of the following items: Required: 1. The calculation of the weighted-average number of shares for basic earnings per share