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Suppose the income statement for Goggle Company reports $ 1 7 1 of net income, after deducting depreciation of $ 1 6 . The company

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Suppose the income statement for Goggle Company reports $171 of net income, after deducting depreciation of $16. The company bought equipment costing $155 and obtained a long-term bank loan for $156. The company's comparative balance sheet, at December 31, is presented here.
Required:
Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and/or financing activities (+ for increase and - for decrease).
Prepare a statement of cash flows using the indirect method.
Are the cash flows typical of a start-up, healthy, or troubled company?
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Prepare a statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
\table[[GOGGLE COMPANY],[Statement of Cash Flows],[For the Year Ended December 31],[Cash Flows from Operating Activities:,],[Net Income,171,],[\table[[Adjustments to Reconcile Net Income to Net Cash],[Provided by Operating Activities:]],],[Depreciation,16,-],[Changes in Current Assets and Current Liabilities,-,],[Increase in Accounts Receivable,,],[Decrease in Inventory,,]]
\table[[GOGGLE COMPANY],[Statement of Cash Flows],[For the Year Ended December 31],[Cash Flows from Operating Activities:],[Net Income,171,],[\table[[Adjustments to Reconcile Net Income to Net Cash],[Provided by Operating Activities:]]],[Depreciation,16,],[Changes in Current Assets and Current Liabilities],[Increase in Accounts Receivable,,*],[Decrease in Inventory],[Increase in Salaries and Wages Payable],[,,1],[Net Cash Provided by Operating Activities,,187],[Cash Flows from Investing Activities:],[Equipment Purchased,(155),],[,,],[Net Cash Provided by Investing Activities,,(155)],[Cash Flows from Financing Activities:,,],[Obtained Bank Loan,156,],[Net Cash Provided by Financing Activities,,156],[Net Increase in Cash,,188],[Cash, Beginning of Current Year,,0],[Cash, End of Current Year,,188]]
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