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Problem 12-6A Indirect: Statement of cash flows P2P3 Golden Corp.'s current-year income statement, comparative balance sheets, and additional information follow. For the year, (1) all
Problem 12-6A Indirect: Statement of cash flows P2P3 Golden Corp.'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. Required Prepare a complete statement of cash flows using the indirect method for the current year. Check Cash from operating activities, \$122,000 Problem 12-6A Indirect: Statement of cash flows P2P3 Golden Corp.'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. Required Prepare a complete statement of cash flows using the indirect method for the current year. Check Cash from operating activities, \$122,000
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