IS (LO 2, 3) Financial Statement Rojas Corporati corporation's comparative balance sheets are presented below Prepare statement of cash flows and confule free cash flow, Rojas Corporation Comparative Balance Sheets December 31 2020 Cash $ 14,300 Accounts receivable 21.200 Land 20,000 Buildings 70,000 Accumulated depreciation buildings (15,000 Total $110.500 $ 12,370 Accounts payable 75,000 Common stock 23.130 Retained earnings $110,500...
Planner Corporation's comparative balance sheets are presented below. PLANNER CORPORATION Comparative Balance Sheets December 31 2017 Cash $ 21,570 Accounts receivable 18,200 Land 18,000 Building 70,000 Accumulated depreciation (15,000) Total $112.770 Accounts payable $ 12,370 Common stock 75,000 Retained earnings Total $112,770 2016 $ 10,700 23.400 26,000 70,000 (10,000) $120,100 $31,100 69,000 20,000 $120,100 25.400 Additional information: 1. Net income...
Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash $ 520 $ 225 Accounts receivable 630 330 Inventory 780 420 Land...
The comparative balance sheets and income statement of Piura Manufacturing follow. Piura Manufacturing Comparative Balance Sheets For the Years Ended June 30, 20X1 and 20X2 1 20X1 20X2 2 Assets: 3 Cash $72,000.00 $146,400.00 4 Accounts receivable 44,000.00 48,000.00 5 Inventory 64,000.00 44,000.00 6 Plant and equipment 104,000.00 112,000.00 7 Accumulated depreciation (52,000.00) (48,000.00) 8 Land 20,000.00 20,000.00 9 Total...
The comparative balance sheets and income statement of Piura Manufacturing follow. Piura Manufacturing Comparative Balance Sheets For the Years Ended June 30, 20X1 and 20X2 1 20X1 20X2 2 Assets: 3 Cash $72,000.00 $146,400.00 4 Accounts receivable 44,000.00 48,000.00 5 Inventory 64,000.00 44,000.00 6 Plant and equipment 104,000.00 112,000.00 7 Accumulated depreciation (52,000.00) (48,000.00) 8 Land 20,000.00 20,000.00 9 Total...
The following data were reported in the shareholders’ equity section of the Zhang Company’s comparative balance sheets for the years ended December 31:($ in millions)20242023Common stock, $ 1 par per share$ 306$ 300Paid-in capital – excess of par174150Retained earnings314300During 2024, Zhang declared and paid cash dividends of $45 million. The company also declared and issued a stock dividend. No other...
Zeppelin Corporation's comparative balance sheets are
presented below.
Zeppelin CORPORATION
Balance Sheets
December 31
2018
2017
Cash
$ 8,000
$ 9,000
Accounts receivable
35,000
38,000
Inventory
25,500
22,500
Land
15,000
15,000
Building
100,000
90,000
Accumulated depreciation
(27,000)
(25,000)
Total
$156,500
$149,500
Accounts payable
$ 50,000
$ 46,000
Common stock
63,000
60,000
Retained earnings
43,500
43,500
Total
$156,500
$149,500...
The comparative Balance Sheets and the Income statement for the Marine Corporation are as follow
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Comparative balance sheets for 2018 and 2017 and a statement of income for 2018 are given below for Metagrobolize Industries Additional information from the accounting records of Metagrobolize also is provided METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2018 and 2017 (s in 000s) 2018 2017 Assets Cash Accounts receivable Inventory Land Building $...
1. Net income was $22.630. Dividends declared and paid were $19,500. 2. No noncash investing and financing activities occurred during 2017 3. The land was sold for cash of $4,900. ODO Instructions (a) Prepare a statement of cash flows for 2017 using the indirect method. (b) Compute free cash flow. statement E17-8 Here are comparative balance sheets for Velo Company...