Question: Prepare a complete statement of cash flows using the indirect method for the current year. ( Amounts to be deducted should be indicated with a
Prepare a complete statement of cash flows using the indirect method for the current year. Amounts to be deducted should be indicated with a minus sign.
Golden Corporation's currentyear income statement, comparative balance sheets, and additional information follow. For the year, all sales are credit sales, all credits to Accounts Receivable reflect cash receipts from customers, all purchases of inventory are on credit, all debits to Accounts Payable reflect cash payments for inventory, and any change in Income Taxes Payable reflects the accrual and cash payment of taxes.
tabletableGOLDEN CORPORATIONComparative Balance SheetsAt December Current Year,Prior YeartableAssetsCashtableCashAccounts receivable$$
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