The following data were taken from the books of Golden Company.
Cash dividends of $169,000 were declared and paid during 2011.Also,$56,000 of preferred stock was issued during the period.
Compute the net cash flow provided by (used in)operating activities during 2014 for Golden Company.
Definitions:
Finished Goods Inventory
Products that have completed the manufacturing process but have not yet been sold or distributed to customers.
Expected Units Sold
The number of units of a product that a company anticipates selling in a particular period based on market research and sales forecasts.
Direct Materials Budget
An estimation of the quantity and cost of direct materials necessary for production, matching the production budget.
Beginning Inventory
The value of goods available for sale at the start of an accounting period.
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