Question: Use the Goldman Medical Supplies data from P11 3B The cash

Use the Goldman Medical Supplies data from P11-3B. The cash amounts for Interest Revenue, Salary Expense, Interest Expense, and Income Tax Expense are the same as the accrual amounts for these items.
In P11-3B
Requirements
1. Prepare the 2014 cash flow statement by the direct method.
2. How will what you learned in this problem help you evaluate an investment in Goldman Medical Supplies?

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  • CreatedJuly 08, 2015
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