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having lots of troubles trying to figure out this problem looking for some help from an expert Golden Corp.'s current-year income statement, comparative balance sheets,
having lots of troubles trying to figure out this problem looking for some help from an expert
Golden Corp.'s current-year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (\$) any change in Income Taxes. Payable reflects the accrual and cash payment of taxes. Problem 12.6A Indirect: Statement of cash flows P2P3 Additional Information on Current Year Transactions a. Purchased equpment for $36,000 canh, b. Issued 12,000 sharei of common stock for $5 cash per stuve. c. Declated and paid $89.000 in cashidivibends. Required Prepare a complete statement of cash flows using the indirect method for the current year Step by Step Solution
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