Question

Gordon Company’s accounting records provided the following changes in account balances and other information for 2016:
Additional information: Net income totaled $5,800. Dividends were declared and paid. Equipment was purchased for $8,800. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $55 per share. The ending cash balance was $4,200.
Required:
Using visual inspection, prepare a 2016 statement of cash flow's for Gordon.


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  • CreatedOctober 05, 2015
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