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table [ [ For Current Year Ended December 3 1 ] , [ , { table [ [ December 3 1 , Prior
tableFor Current Year Ended December tableDecember PriorYearAnalysis of Changes,tableDecember Current YearDebit,CreditBalance sheetdebit balance accountsCash$Accounts receivable,,InventoryEquipment$Balance sheetcredit balance accountsAccumulated depreciationEquipment,$Accounts payable,,Income taxes payable,,Common stock, $ par value,,Paidin capital in excess of par value, common stock,,Retained earnings,,$Statement of cash flowsOperating activitiesNet income,,,Increase in accounts receivable,,,,Required information Skip to question 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 payments for inventory, and any change in Income Taxes Payable reflects the accrual and cash payment of taxes. GOLDEN CORPORATION Comparative Balance Sheets December Current Year Prior Year Assets Cash $ $ Accounts receivable Inventory Total current assets Equipment Accumulated depreciationEquipment Total assets $ $ Liabilities and Equity Accounts payable $ $ Income taxes payable Total current liabilities Equity Common stock, $ par value Paidin capital in excess of par value, common stock Retained earnings Total liabilities and equity $ $ GOLDEN CORPORATION Income Statement For Current Year Ended December Sales $ Cost of goods sold Gross profit Operating expenses excluding depreciation Depreciation expense Income before taxes Income taxes expense Net income $ Additional Information on Current Year Transactions Purchased equipment for $ cash. Issued shares of common stock for $ cash per share. Declared and paid $ in cash dividends. Required: Prepare a complete statement of cash flows using a spreadsheet under the indirect method. Note: Enter all amounts as positive values.
tableFor Current Year Ended December
tableDecember PriorYearAnalysis of Changes,tableDecember Current YearDebit,CreditBalance sheetdebit balance accountsCash$Accounts receivable,,InventoryEquipment$Balance sheetcredit balance accountsAccumulated depreciationEquipment,$Accounts payable,,Income taxes payable,,Common stock, $ par value,,Paidin capital in excess of par value, common stock,,Retained earnings,,$Statement of cash flowsOperating activitiesNet income,,,Increase in accounts receivable,,,,Required information
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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 payments for inventory, and
any change in Income Taxes Payable reflects the accrual and cash payment of taxes.
GOLDEN CORPORATION
Comparative Balance Sheets
December
Current Year Prior Year
Assets
Cash $ $
Accounts receivable
Inventory
Total current assets
Equipment
Accumulated depreciationEquipment
Total assets $ $
Liabilities and Equity
Accounts payable $ $
Income taxes payable
Total current liabilities
Equity
Common stock, $ par value
Paidin capital in excess of par value, common stock
Retained earnings
Total liabilities and equity $ $
GOLDEN CORPORATION
Income Statement
For Current Year Ended December
Sales $
Cost of goods sold
Gross profit
Operating expenses excluding depreciation
Depreciation expense
Income before taxes
Income taxes expense
Net income $
Additional Information on Current Year Transactions
Purchased equipment for $ cash.
Issued shares of common stock for $ cash per share.
Declared and paid $ in cash dividends.
Required:
Prepare a complete statement of cash flows using a spreadsheet under the indirect method.
Note: Enter all amounts as positive values.
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