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need formula and work shown. Required information Use the following lnformatlon for the Problems below. (Algo) [The following information applles to the questions displayed below.]
need formula and work shown.
Required information Use the following lnformatlon for the Problems below. (Algo) [The following information applles to the questions displayed below.] Golden Corporation'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 Recelvable reflect cash recelpts from customers, (3) all purchases of Inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change In Income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transactions a. Purchased equipment for $54,600 cash. b. Issued 13,100 shares of common stock for $5 cash per share. c. Declared and pald $100,000 in cash dividends. roblem 12-6A (Algo) Indlrect: Statement of cash flows LO P2, P3 equired: epare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be dicated with a minus sign.) Problem 12-6A (Algo) Indirect: Statement of cash flows LO P2, P3 Required: Prepare a complete statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)Step by Step Solution
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