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*Please fill in the empty boxes outlined in blue. Golden Corp., a merchandiser, recently completed its 2013 operations. For the year, (1) all soles are
*Please fill in the empty boxes outlined in blue.
Golden Corp., a merchandiser, recently completed its 2013 operations. For the year, (1) all soles are credit sales, (2) all credits to Accounts Receivoble reflect cosh receipts from customers, (3) all purchoses of inventory are on credit, (4) all debits to Accounts Paysble reflect cosh poyments for inventory. (5) Other Expenses are all cosh expenses, and (6) any change in Income Taxes Poyoble reflects the accrusl and cash poyment of toxes. The company's bolance sheets and income statement follow. Additional Information on Year 2013 Transactions a. Purchosed equipment for $31,000cssh. b. Issued 11,000 shares of common stock for $5 cash per share. c. Declared and paid $86,000 in cesh dividends. Required: Prepare a complete statement of cash flows; report its cosh inflows and cash outflows from opersting activities according to the indirect method. (Amounts to be deducted should be Indicated with a minus sign.)Step by Step Solution
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