Intermediate Accounting I Statement of Cash Flows Case Learning Objectives Spring 2022 Contrast and compare the information in the statement of cash flows and income statement. Identify the three sections of the statement of cash flows. Understand the operations section of the statement of cash flows. Explain how operating cash flow line items relate to balance sheet and income statement accounts. Analyze the changes in balance sheet accounts by inferring transactions. Construct a complete statement of cash flows using the indirect method. Interpret the statement of cash flows, comparing key figures to net income. Golden Enterprises, Inc. (the "Company") is a holding company which owns all of the issued and outstanding capital stock of Golden Flake Snack Foods, Inc. Golden Flake Snack Foods, Inc. ("Golden Flake") is a Delaware corporation with its principal place of business and home office located at One Golden Flake Drive, Birmingham, Alabama. Golden Flake has been a premiere producer, marketer, and distributor of snack products in the Southeastern United States since 1923. The Company manufactures and distributes a full line of high quality salted snack items, such as potato chips, tortilla chips, corn chips, fried pork skins, baked and fried cheese curls, onion rings, and puff corn. Golden Flake also sells canned dips, pretzels, peanut butter crackers, cheese crackers, dried meat products, and nuts packaged by other manufacturers using the Golden Flake label. (Source: 2013 Form 10-K)