cash flows. Explain this apparellt mconai Process Construct the 2013 statement of cash flows for Golden Enterprises using the indirect method. Recall that the change in cash (i.e., the statement of cash flows) is algebraically related to the bala sheet as follows: Cash Liabilities + Owners' Equity- All Other Assets Thus, if you can "explain" the change in each of the noncash balance sheet accounts (and only th accounts), you will have generated a statement of cash flows. Use a set of T-accounts for the balance sheet accounts (T-accounts are included at the end of the ca or a spreadsheet to help you organize your efforts. For each balance sheet account, consider w transactions and activities explain the change in the account. Classify each transaction and activity Golden Enterprises, Inc.-Statement of Cash Flows Copyright 2015 by Cambridge Business Publishers, LLC. All rights reserved. No part of this publication may be reproduced in any form for y purpose without the written permission of the publisher cash flows. Explain this apparellt mconai Process Construct the 2013 statement of cash flows for Golden Enterprises using the indirect method. Recall that the change in cash (i.e., the statement of cash flows) is algebraically related to the bala sheet as follows: Cash Liabilities + Owners' Equity- All Other Assets Thus, if you can "explain" the change in each of the noncash balance sheet accounts (and only th accounts), you will have generated a statement of cash flows. Use a set of T-accounts for the balance sheet accounts (T-accounts are included at the end of the ca or a spreadsheet to help you organize your efforts. For each balance sheet account, consider w transactions and activities explain the change in the account. Classify each transaction and activity Golden Enterprises, Inc.-Statement of Cash Flows Copyright 2015 by Cambridge Business Publishers, LLC. All rights reserved. No part of this publication may be reproduced in any form for y purpose without the written permission of the publisher