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Additional Information on Current Year Transactions a. Purchased equipment for $54,600 cash b. Issued 13.00 shares of common stock for 55 cash per share. c.
Additional Information on Current Year Transactions a. Purchased equipment for $54,600 cash b. Issued 13.00 shares of common stock for 55 cash per share. c. Dectared and paid $100.000 in cash dividends Golden Corporation's current yeer income statement, comparative balance sheets, and additional information follow. For the yedt, (t) all siles are credit soles, (2) all credits to Accounts Receivable reflect cosh recelpts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts. Payable rellect cash payments for inventory, and (5) any change in income Taxes Payable reflects the accrual and cash payment of toxes. repare a complete statement of cash flows using the direct method for the current year. lote: Amounts to be deducted should be indicated with a minus sign
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