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Requlred Information [ The following information applies to the questions displayed below. ] Golden Corporation's current year income statement, comparative balance sheets, and additional information
Requlred Information 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, all sales are credit sales, all credits to Accounts Receivable reflect cash receipts from customers, all purchases of inventory are on credit, all debits to Accounts Payable reflect cash payment for inventory, and any change in Income Taxes Payable reflects the accrual and cash payment of taxes. Additional Information on Current Year Transections a Purchased equipment for $cash. b Issued shares of common stock for $ cash per share. c Declared and paid $ in cash dividends. Requlred: Prepare a complete statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be Indlcated with a minus sign. GOLDEN CORPORATION Statement of Cash Flows For Current Year Ended December 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 Receivable reflect cash receipts 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.
Requlred Information
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, all sales are credit sales, all credits to Accounts Receivable reflect cash receipts from
customers, all purchases of inventory are on credit, all debits to Accounts Payable reflect cash payment
for inventory, and any change in Income Taxes Payable reflects the accrual and cash payment of taxes.
Additional Information on Current Year Transections
a Purchased equipment for $cash.
b Issued shares of common stock for $ cash per share.
c Declared and paid $ in cash dividends.
Requlred:
Prepare a complete statement of cash flows using the indirect method for the current year.
Note: Amounts to be deducted should be Indlcated with a minus sign.
GOLDEN CORPORATION
Statement of Cash Flows
For Current Year Ended December 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 Receivable reflect cash receipts 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.
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