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Compute free cash flow. (

Compute free cash flow. (

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Compute free cash flow. (Show a negative free cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $
Transcribed Image Text:Compute free cash flow. (Show a negative free cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $
Oriole Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Oriole Corporation Comparative Balance Sheets December 31 Accounts payable Common stock Retained earnings Total Additional information: 1. 2. 3. 2025 $15.300 21,000 21,500 71,000 (16,000) 2024 $12,500 75,000 25,300 $112,800 $11,300 23,500 27,600 71,000 (10,200) $112,800 $123,200 $31,400 70,000 21,800 $123,200 Net income was $22,700. Dividends declared and paid were $19,200. No noncash investing and financing activities occurred during 2025. The land was sold for cash of $4,200.
Transcribed Image Text:Oriole Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Oriole Corporation Comparative Balance Sheets December 31 Accounts payable Common stock Retained earnings Total Additional information: 1. 2. 3. 2025 $15.300 21,000 21,500 71,000 (16,000) 2024 $12,500 75,000 25,300 $112,800 $11,300 23,500 27,600 71,000 (10,200) $112,800 $123,200 $31,400 70,000 21,800 $123,200 Net income was $22,700. Dividends declared and paid were $19,200. No noncash investing and financing activities occurred during 2025. The land was sold for cash of $4,200.
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