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Prepare a complete statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be indicated with a
Prepare a complete statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be indicated with a minus sign
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 Imventory 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 ecuipment for $63,100 cash. b. Issued 13,600 shares of common stock for $5 cash per share. c. Declared and paid $105,000 in cash dividends Fill in the blue boxes in the second picture
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