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Required Information [ The following Information applles to the questlons displayed below. ] Golden Corporation's current year Income statement, comparative balance sheets, and additional Information
Required Information The following Information applles to the questlons displayed below. Golden Corporation's current year Income statement, comparative balance sheets, and additional Information follow. For the year, all sales are credit sales, all credits to Accounts Recelvable reflect cash recelpts from customers, all purchases of Inventory are on credit, all debits to Accounts Payable reflect cash payments for Inventory, and any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transactlons a Purchased equipment for $ cash. b Issued shares of common stock for $ cash per share. c Declared and paid $ in cash dividends.
Required Information
The following Information applles to the questlons displayed below.
Golden Corporation's current year Income statement, comparative balance sheets, and additional Information follow. For
the year,
all sales are credit sales,
all credits to Accounts Recelvable reflect cash recelpts from customers,
all purchases of Inventory are on credit,
all debits to Accounts Payable reflect cash payments for Inventory, and
any change in Income Taxes Payable reflects the accrual and cash payment of taxes.
Additional Information on Current Year Transactlons
a Purchased equipment for $ cash.
b Issued shares of common stock for $ cash per share.
c Declared and paid $ in cash dividends.
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