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[I he rollowing intormation applies to the questions displayed below.] Golden Corporation's current year income...

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Accounting

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[I he rollowing intormation applies to the questions displayed below.] Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Recelvable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) any change in Income Taxes Payable reflects the accrual and cash payment of taxes. statement or Gasn riows For Current Year Ended December 31 Cash flows from operating activities Net income Adjusiments to reconcle net income to net cash provided by operations: Income statement items not affecting cash Changes in current assets and current liabilities \begin{tabular}{|l} \hline \\ \hline Cash flows from investing activities \\ \hline \hline Cash received from stock issuanges in current assets and cur \\ \hline \end{tabular}

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