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Suppose the income statement for Goggle Company reports $151 of net income, after deducting depreciation of $21. The company bought equipment costing $130 and obtained
Suppose the income statement for Goggle Company reports $151 of net income, after deducting depreciation of $21. The company bought equipment costing $130 and obtained a long-term bank loan for $136. The company's comparative balance sheet, at December 31, is presented here. Required: 1. 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 2. Prepare a statement of cash flows using the indirect method 6. Are the cash flows typical of a start-up, healthy, or troubled company
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