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Suppose the income statement for Goggle Company reports $147 of net income, after deducting depreciation of $22. The company bought equipment costing $125 and obtained a long-term bank loan for $132. The company’s comparative balance sheet, at December 31, is presented here. Required: 1. Calculate the change in each balance sheet account and indicate whether each account relates to operating, investing, and/or financing activities (+ for increase and − for decrease). 2. Prepare a statement of cash flows using the indirect method. 3. Are the cash flows typical of a start-up, healthy, or troubled company?

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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Are the cash flows of the company a start up, healthy or troubled company?

Healthy companies tend to have negative cash flows for investing activities where it has positive cash flows from investing activities in troubled company

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