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).)
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).)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb503fc56-bfca-4a3e-ad05-76d52aad95d7%2F158f023c-8760-414f-a702-31de0b76a9c9%2Fpozofup_processed.jpeg&w=3840&q=75)
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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