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rubyyak859Lv1
28 Sep 2019
Muldur Corporation's comparative balance sheets are presentedbelow.
MULDUR CORPORATION Comparative Balance Sheets December 31
2012
2011
Cash $ 15,200 $ 17,700 Accounts receivable 25,200 22,300 Investments 20,000 16,000 Equipment 60,000 70,000 Accumulated depreciation (14,000)
(10,000)
Total $106,400
$116,000
Accounts payable $ 14,600 $ 11,100 Bonds payable 10,000 30,000 Common stock 50,000 45,000 Retained earnings 31,800
29,900
Total $106,400
$116,000
Additional information:
- Net income was $18,300. Dividends declared and paid were$16,400.
- Equipment which cost $10,000 and had accumulated depreciationof $1,200 was sold for $3,300.
- All other changes in noncurrent account balances had a directeffect on cash flows, except the change in accumulateddepreciation.
Prepare a statement of cash flows for 2012 using the indirectmethod.
Compute free cash flow
Muldur Corporation's comparative balance sheets are presentedbelow.
MULDUR CORPORATION | |||
Comparative Balance Sheets | |||
December 31 | |||
2012 | 2011 | ||
Cash | $ 15,200 | $ 17,700 | |
Accounts receivable | 25,200 | 22,300 | |
Investments | 20,000 | 16,000 | |
Equipment | 60,000 | 70,000 | |
Accumulated depreciation | (14,000) | (10,000) | |
Total | $106,400 | $116,000 | |
Accounts payable | $ 14,600 | $ 11,100 | |
Bonds payable | 10,000 | 30,000 | |
Common stock | 50,000 | 45,000 | |
Retained earnings | 31,800 | 29,900 | |
Total | $106,400 | $116,000 |
Additional information:
- Net income was $18,300. Dividends declared and paid were$16,400.
- Equipment which cost $10,000 and had accumulated depreciationof $1,200 was sold for $3,300.
- All other changes in noncurrent account balances had a directeffect on cash flows, except the change in accumulateddepreciation.
Prepare a statement of cash flows for 2012 using the indirectmethod.
Compute free cash flow
Nestor RutherfordLv2
28 Sep 2019