Question: Refer to the information reported about Golden Corporation in Problem In

Refer to the information reported about Golden Corporation in Problem.
In Problem
Additional Information on Year 2015 Transactions
a. Purchased equipment for $36,000 cash.
b. Issued 12,000 shares of common stock for $5 cash per share.
c. Declared and paid $89,000 in cash dividends.
Required
Prepare a complete statement of cash flows using a spreadsheet as in Exhibit 16A.1; report operating activities under the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following list of transactions and events.
a. Net income was $136,000.
b. Accounts receivable increased.
c. Inventory increased.
d. Accounts payable increased.
e. Income taxes payable increased.
f. Depreciation expense was $54,000.
g. Purchased equipment for $36,000 cash.
h. Issued 12,000 shares at $5 cash per share.
i. Declared and paid $89,000 of cash dividends.



Sale on SolutionInn
Sales3
Views349
Comments
  • CreatedApril 23, 2015
  • Files Included
Post your question
5000