PLEASE DO NOT FORGET THE COMPUTE FREE CASH FLOW.
Homework Answers
preparing statement of cash flow for the year 2020
| Particular | amount | amount |
| Cash flow from operating activities | ||
| Net income | $22400 | |
| Adjustment to recolline net income to | ||
| Net cash flow from operating activities | ||
| Depreciation expense($14800 - $10700) | $4100 | |
| Loss on sale of land ($25900 - $19700)- $4900 | $1300 | |
| Decrease in accounts receivable | $1900 | |
| Decrease in accounts payable | ($16200) | ($8900) |
| NET CASH FLOW FROM OPERATING ACTIVITIES | $13500 | |
| Cash flow from investing activities | ||
| Sale of land | $4900 | |
| NET CASH FLOW FROM INVESTING ACTIVITIES | $4900 | |
| Cash flow from financial activities | ||
| Payment of dividend | ($15700) | |
| Issuance of common stock | $1800 | |
| NET CASH FLOW FROM FINANCIAL ACTIVITIES | ($13900) | |
| Net increase in cash | $4500 | |
| Cash at the beginning of period | $10400 | |
| Cash at the end of the period | $14900 |
Calculate free cash flow
| Particular | amount | amount |
| Net cash provided by operating activities | $13500 | |
| (-) capital expenditure | ||
| (-) dividend paid | ($15700) | ($15700) |
| Free cash flow | ($2200) |
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PLEASE DO NOT FORGET THE COMPUTE FREE CASH FLOW.
Exercise 12-08 a-b (Part Level Submission) Skysong,...
Prepare a statement of cash flows for 2020 using the indirect method. Rojas Corporation's comparative balance...
Prepare a statement of cash flows for 2020 using the indirect
method.
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land $14,900 21,500 19,700 70,100 (14,800) $111,400 $10,400 23,400 25,900 70,100 (10,700) $119,100 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings $12,100 75,400 23,900 $111,400 $28,300 73,600 17,200 $119,100 Total Additional information: 1. Net income was $22,400. Dividends declared and paid were $15,700. 2. No noncash...
The proper title for what's marked in red + free cash flow Exercise 17-08 (Part Level...
The proper title for what's marked in red + free cash flow
Exercise 17-08 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented below ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,600 $10,000 Accounts receivable 20,800 23,600 Land 19,800 25,600 Buildings Accumulated depreciation-buildings 70,000 70,000 (15,300) (10,900) $109,900 $118,300 Total Accounts payable $12,100 $27,800 Common stock 74,900 71,000 Retained earnings 22,900 19,500 $109,900 $118,300 Total Additional information: 1. Net income was $22,600. Dividends declared and paid...
Exercise 12-8 (Part Level Submission) Concord Corporation’s comparative balance sheets are presented below. Concord Corporation Comparative...
Exercise 12-8 (Part Level Submission) Concord Corporation’s comparative balance sheets are presented below. Concord Corporation Comparative Balance Sheets December 31 2019 2018 Cash $ 14,500 $ 10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings 70,100 70,100 Accumulated depreciation—buildings (15,000 ) (10,700 ) Total $110,000 $120,200 Accounts payable $ 11,800 $ 28,300 Common stock 75,000 73,400 Retained earnings 23,200 18,500 Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,200 21,500 19,600 70,100 (15,400) $110,000 $11,000 23,500 25,800 70,100 (10,500) $ 119,900 Accounts payable Common stock Retained earnings Total $ 11,900 75,900 22,200 $110,000 $27,700 73,600 18,600 $ 119,900 Additional information: 1. Net income was $22,500. Dividends declared and paid were $18,900. 2. No noncash investing and financing activities occurred during 2020....
Help me fill in the blanks! Prepare a statement of cash flows using the indirect method....
Help me fill in the blanks! Prepare a statement of cash flows
using the indirect method.
ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $10,700 23,800 26,300 70,100 (10,700) $14,500 20,800 19,600 70,100 (15,000) Total $110,000 $120,200 Accounts payable Common stock Retained earnings $11,800 75,000 23,200 $110,000 $28,300 73,400 18,500 $120,200 Total Additional information 1. Net income was $22,800. Dividends declared and paid were $18,100 2. No noncash investing and financing activities...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $15,100 Accounts receivable 21,500 Land 20,500 Buildings 70,100 Accumulated depreciation-buildings (15,000) Total $112,200 2019 $10,300 23,800 26,400 70,100 (10,300) $120,300 Accounts payable Common stock Retained earnings Total $12,500 75,800 23,900 $112,200 $28,400 73,100 18,800 $120,300 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14.500 $10,700 Accounts receivable Land 20,800 19,600 70,100 23,800 26,300 70,100 Buildings Accumulated depreciation-buildings (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11.800 $28,300 Common stock 75,000 73.400 Retained earnings 23,200 18,500 Total $110,000 $120.200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balanoe Sheets December 31 2020...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balanoe Sheets December 31 2020 2019 Cash $14,500 $10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings Accumulated deprediation-buildings 70,100 70,100 (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11,800 $28,300 Common stock Retained eamings 75,000 73,400 23,200 18,500 Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends dedared and paid were $18,100, 2. No noncash investing and finandng activities occurred during 2020. 3. The land was sold...
ent Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparat...
ent Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14,800 Accounts receivable 20,700 Land 20,500 Buildings 69,600 Accumulated depreciation-buildings (14,800) Total $110,800 2019 $10,400 23,100 26,200 69,600 (10,800) $118,500 Accounts payable Common stock Retained earnings Total $12,800 74,000 24,000 $110,800 $27,900 71,400 19,200 $118,500 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2020. 3. The...
Exercise 17-7 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December...
Exercise 17-7 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $15,000 21,100 19,700 70.000 (15.300) $10,700 23,900 25,900 70,000 (10,700) $119,800 Total $110.500 Accounts payable Common stock Retained earnings $11,900 75.400 23,200 $110.500 $28,600 72,300 18,900 $119,800 Total Additional information: 1. Net income was $22,900. Dividends declared and paid were $18,600. 2. No noncash investing and financing activities occurred during 2017 3. The land...
Prepare a statement of cash flows for 2020 using the indirect
method.
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land $14,900 21,500 19,700 70,100 (14,800) $111,400 $10,400 23,400 25,900 70,100 (10,700) $119,100 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings $12,100 75,400 23,900 $111,400 $28,300 73,600 17,200 $119,100 Total Additional information: 1. Net income was $22,400. Dividends declared and paid were $15,700. 2. No noncash...
The proper title for what's marked in red + free cash flow
Exercise 17-08 (Part Level Submission) Rojas Corporation's comparative balance sheets are presented below ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,600 $10,000 Accounts receivable 20,800 23,600 Land 19,800 25,600 Buildings Accumulated depreciation-buildings 70,000 70,000 (15,300) (10,900) $109,900 $118,300 Total Accounts payable $12,100 $27,800 Common stock 74,900 71,000 Retained earnings 22,900 19,500 $109,900 $118,300 Total Additional information: 1. Net income was $22,600. Dividends declared and paid...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total $14,200 21,500 19,600 70,100 (15,400) $110,000 $11,000 23,500 25,800 70,100 (10,500) $ 119,900 Accounts payable Common stock Retained earnings Total $ 11,900 75,900 22,200 $110,000 $27,700 73,600 18,600 $ 119,900 Additional information: 1. Net income was $22,500. Dividends declared and paid were $18,900. 2. No noncash investing and financing activities occurred during 2020....
Help me fill in the blanks! Prepare a statement of cash flows
using the indirect method.
ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $10,700 23,800 26,300 70,100 (10,700) $14,500 20,800 19,600 70,100 (15,000) Total $110,000 $120,200 Accounts payable Common stock Retained earnings $11,800 75,000 23,200 $110,000 $28,300 73,400 18,500 $120,200 Total Additional information 1. Net income was $22,800. Dividends declared and paid were $18,100 2. No noncash investing and financing activities...
Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $15,100 Accounts receivable 21,500 Land 20,500 Buildings 70,100 Accumulated depreciation-buildings (15,000) Total $112,200 2019 $10,300 23,800 26,400 70,100 (10,300) $120,300 Accounts payable Common stock Retained earnings Total $12,500 75,800 23,900 $112,200 $28,400 73,100 18,800 $120,300 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14.500 $10,700 Accounts receivable Land 20,800 19,600 70,100 23,800 26,300 70,100 Buildings Accumulated depreciation-buildings (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11.800 $28,300 Common stock 75,000 73.400 Retained earnings 23,200 18,500 Total $110,000 $120.200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land was sold...
Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balanoe Sheets December 31 2020 2019 Cash $14,500 $10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings Accumulated deprediation-buildings 70,100 70,100 (15,000) $110,000 (10,700) $120,200 Total Accounts payable $11,800 $28,300 Common stock Retained eamings 75,000 73,400 23,200 18,500 Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends dedared and paid were $18,100, 2. No noncash investing and finandng activities occurred during 2020. 3. The land was sold...
ent Exercise 17-08 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 Cash $14,800 Accounts receivable 20,700 Land 20,500 Buildings 69,600 Accumulated depreciation-buildings (14,800) Total $110,800 2019 $10,400 23,100 26,200 69,600 (10,800) $118,500 Accounts payable Common stock Retained earnings Total $12,800 74,000 24,000 $110,800 $27,900 71,400 19,200 $118,500 Additional information: 1. Net income was $22,200. Dividends declared and paid were $17,400. 2. No noncash investing and financing activities occurred during 2020. 3. The...
Exercise 17-7 Rojas Corporation's comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Land Buildings Accumulated depreciation-buildings $15,000 21,100 19,700 70.000 (15.300) $10,700 23,900 25,900 70,000 (10,700) $119,800 Total $110.500 Accounts payable Common stock Retained earnings $11,900 75.400 23,200 $110.500 $28,600 72,300 18,900 $119,800 Total Additional information: 1. Net income was $22,900. Dividends declared and paid were $18,600. 2. No noncash investing and financing activities occurred during 2017 3. The land...
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