Question
Please help, I have been working on this all day and can't seem to get this cash flow chart together. [The following information applies to
Please help, I have been working on this all day and can't seem to get this cash flow chart together.
[The following information applies 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 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 taxes.
Prepare a complete statement of cash flows using a spreadsheet under the indirect method. (Enter all amounts as positive values.)
Additional Information on Current Year Transactions a. Purchased equipment for $66,500 cash. b. Issued 13,800 shares of common stock for $5 cash per share. c. Declared and paid $107,000 in cash dividends. Answer is not complete. GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 31 Cash flows from operating activities GOLDEN CORPORATION Spreadsheet for Statement of Cash Flows For Current Year Ended December 31 Investing activities Payment for equipment Financing activities
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