p16-6

p16-8

Problem 16-6A Indirect: Statement of cash flows P2 P3 Golden Corp.'s currentyear 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 (5) any change in Income Taxes Payable reflects the accrual and cash payment of toxes. Required Prepare a complete statement of cash flows using the indirect method for the current year. Refer to Golden Corporation's financial statements and related information in [G] Problem 16-6A. Required Prepare a complete statement of cash flows using the direct method for the current year