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What additional information do you need? GolfGear & More, Incorporated is a regional and online golf equipment retailer. The company reported the following for the
What additional information do you need?
GolfGear \& More, Incorporated is a regional and online golf equipment retailer. The company reported the following for the current year: Purchased a long-term investment for cash, $21,000. Paid cash dividend, $13,000. Sold equipment for $11,000 cash (cost, $31,000, accumulated depreciation, $20,000 ). Issued shares of no-par stock, 600 shares at $10 per share cash. Net income was $25,200. Depreciation expense was $4,000. Its comparative balance sheet is presented below. equired: Complete a T-account worksheet. Based on the T-account worksheet, prepare the statement of cash flows for the current year. Complete this question by entering your answers in the tabs below. Complete a T-account worksheet. Complete a T-account worksheet. Based on the T-account worksheet, prepare the statement of cash flows for the current year. Changes in current assets and current liabilities Step by Step Solution
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