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4 peinsthe year, ( 1 ) all gates are credin siles, ( 2 ) all credits to Accourts Receivale reflect cash receipts from customers, (
peinsthe year, all gates are credin siles, all credits to Accourts Receivale reflect cash receipts from customers, al purchases of inventory ere on oredi? al debits to Accouns Payabie reflect cash peyments for inentory, and ary change in iscome Taxes Poyable reflects the acorval and cash payment of laxes
Additional Information on Curnent Year Transactions
a Purchased equipment for $
b issued shares of common stock for $ cash per shave.
c Deciered and peid $ in cesh fividends.
Required:
Prepare a complete statement of cash flows using the indirect method for the current year.
Note: Amounts to be deducted should be indicated with a minus sign.
tableGOLDEN CORPORATIONStatement of Cash FlowsFor Current Year Ended December Cash flows from operating activitesNet incomeAdjustments to reconcile net income to net cash provided by operations:Income statement items not affecting cashDepreciation expenseChanges in current assets and current liablitiesIncrease in accounts receivable,,Decrease in inventoryDecrease in accounts payableDecrease in taxes peyableCash flows from imesting activitiesCash paid for equipmentCash flows from financing activities:Cash received from stock issuanceCash paid for cash dividendsNet increase decrease in cash,sCash balance at December prior yearCash balance at December current year,$
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