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Golden Corp., a merchandiser, recently completed its 2017 operations.
are all cash expenses, and (6) any 177,000 Total 312,ae6 Total assets Retained e Cost of goods sold
6 Statement of Cash Flows <Prev
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Solution: Cash flow Statement Indirect Method Particulars Cash flow from Operating Activities: Net Income Adiustments to reconcile net income to Net Cash Provided by Operation: Depreciation expense Accounts Receivable Increase Inventory Increase Accounts Payable Increase Income tax payable Increase Amount ($) 156800 54000 -18500 81500 29000 9400 Net Cash Provided by Operating Activities (A) Cash flow from Investing Activities: Cash paid for equipment 149200 58000 Net Cash used by Investing Activities (B) Cash flow from Financing Activities: Cash received from stock issuance Cash paid for cash dividends 58000 (13300*5) 66500 102000 Net Cash used by Financing Activities-C) Net decrease in cash (A+B+O) Cash balance at beginning of year Cash balance at end of vear 35500 55700 121300 177000

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