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Oriole Company's comparative balance sheets are as follows. Oriole Company Comparative Balance Sheets December 31 Free cash flow $ Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total Accounts payable Bonds payable Common stock Retained earnings Total Additional information: 1. 2 3. 2022 $16.500 25,000 19.950 60,150 (14,250) 1100 $107.350 $14,850 10.100 50,100 32.300 $107.350 2021 $17.600 22,200 15,850 70,050 (10,400) $115,300 $11,050 30,100 44,700 29,450 $115,300 Net income was $18.250. Dividends declared and paid were $15,400. Equipment which cost $9.900 and had accumulated depreciation of $2,000 was sold for $3,400. No noncash investing and financing activities occurred during 2022. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Oriole Company's comparative balance sheets are as follows. Oriole Company Comparative Balance Sheets December 31 Free cash flow $ Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Total Accounts payable Bonds payable Common stock Retained earnings Total Additional information: 1. 2 3. 2022 $16.500 25,000 19.950 60,150 (14,250) 1100 $107.350 $14,850 10.100 50,100 32.300 $107.350 2021 $17.600 22,200 15,850 70,050 (10,400) $115,300 $11,050 30,100 44,700 29,450 $115,300 Net income was $18.250. Dividends declared and paid were $15,400. Equipment which cost $9.900 and had accumulated depreciation of $2,000 was sold for $3,400. No noncash investing and financing activities occurred during 2022. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

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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Oriole Company's comparative balance sheets are as follows. Free cash flow $ Accounts payable Bonds payable Common stock Retained earnings Total Cash Accounts receivable Investments Equipment 60,150 Accumulated depreciation-equipment (14,250) Total $107,350 Additional information: 1. 2. 3. Oriole Company Comparative Balance Sheets December 31 2022 $16.500 25,000 1100 19.950 $14,850 10.100 50,100 32,300 $107,350 2021 $ 17,600 22,200 15,850 70,050 (10,400) $115,300 $11,050 30,100 44,700 29,450 $115,300 Net income was $18,250. Dividends declared and paid were $15,400. Equipment which cost $9.900 and had accumulated depreciation of $2,000 was sold for $3,400. No noncash investing and financing activities occurred during 2022. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Transcribed Image Text:Oriole Company's comparative balance sheets are as follows. Free cash flow $ Accounts payable Bonds payable Common stock Retained earnings Total Cash Accounts receivable Investments Equipment 60,150 Accumulated depreciation-equipment (14,250) Total $107,350 Additional information: 1. 2. 3. Oriole Company Comparative Balance Sheets December 31 2022 $16.500 25,000 1100 19.950 $14,850 10.100 50,100 32,300 $107,350 2021 $ 17,600 22,200 15,850 70,050 (10,400) $115,300 $11,050 30,100 44,700 29,450 $115,300 Net income was $18,250. Dividends declared and paid were $15,400. Equipment which cost $9.900 and had accumulated depreciation of $2,000 was sold for $3,400. No noncash investing and financing activities occurred during 2022. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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