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Loss on disposal of plant assets Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock 3,366 3,162 (24,684) 20,400 14,994 75.174 (21,522 )

Loss on disposal of plant assets Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock 3,366 3,162 (24,684) 20,400 14,994 75.174 (21,522 )

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Loss on disposal of plant assets Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year 3,366 Free cash flow for Metlock Corporation 3,162 (24,684) 20,400 (10,200) (13,260 ) 14,994 75,174 (21,522 ) (3,060 ) 50.592 13,260 $63,852 (a) Compute free cash flow for Metlock Corporation. (Show a negative free cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000))
Transcribed Image Text:Loss on disposal of plant assets Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year 3,366 Free cash flow for Metlock Corporation 3,162 (24,684) 20,400 (10,200) (13,260 ) 14,994 75,174 (21,522 ) (3,060 ) 50.592 13,260 $63,852 (a) Compute free cash flow for Metlock Corporation. (Show a negative free cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000))
Metlock Corporation issued the following statement of cash flows for 2022. Metlock Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock $9,282 9,690 (5,100) (2,244 ) 3,366 3,162 (24,684 ) 20,400 $60,180 14,994 75,174 (21,522 )
Transcribed Image Text:Metlock Corporation issued the following statement of cash flows for 2022. Metlock Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment Net cash used by investing activities Cash flows from financing activities Issuance of stock $9,282 9,690 (5,100) (2,244 ) 3,366 3,162 (24,684 ) 20,400 $60,180 14,994 75,174 (21,522 )
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