The 2015 comparative statement of financial position and income statement of Goldman Medical Supplies follow: Goldman Medical

Question:

The 2015 comparative statement of financial position and income statement of Goldman Medical Supplies follow:
Goldman Medical Supplies Comparative Statement of Financial Position December 31, 2015 and 2014 INCREASE (DECREASE) 2015

Goldman Medical Supplies had no noncash investing and financing transactions during 2015. During the year, Goldman Medical Supplies made no sales of land or equipment, no issuance of notes payable, no retirement of shares, and no treasury share transactions.
Requirements
1. Prepare the 2015 statement of cash flows, formatting operating activities by the indirect method.
2. How will what you learned in this problem help you evaluate an investment in Goldman Medical Supplies?

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Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-0133375534

2nd Canadian edition

Authors: Jeffrey Waybright, Robert Kemp, Sherif Elbarrad

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