Visual Inspection Gordon Companys accounting records provided the following changes in account balances and other information for
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Question:
Visual Inspection Gordon Company’s accounting records provided the following changes in account balances and other information for 2013:
Additional information: Net income totaled $5,700. Dividends were declared and paid. Equipment was purchased for $8,200. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $56 per share. The ending cash balance was $4,600.
Required:
Using visual inspection, prepare a 2013 statement of cash flows for Gordon.
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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