Rojas Corporation's comparative balance sheets are presented below. Rojas Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation- buildings Total Accounts. payable Common stock Retained earnings 1. Total 2. 3. Net income. was $22,630. Dividends declared. and paid were $19,500. No noncash investing and financing activities occurred during 2019. 2019 The land was sold for cash of $4,900. $ 14,300 Additional information: 21,200 20,000 70,000 (15,000 $110,500 $ 12,370 75,000 23,130 $110,500 ) 2018 $ 10,700 23,400 26,000 70,000 (10,000 $120,100 $ 31,100 69,000 20,000 $120,100 ) Prepare a statement of cash flows for 2019 using the indirect method. Compute free cash flow.

Rojas Corporation's comparative balance sheets are presented below. Rojas Corporation Comparative Balance Sheets December 31 Cash Accounts receivable Land Buildings Accumulated depreciation- buildings Total Accounts. payable Common stock Retained earnings 1. Total 2. 3. Net income. was $22,630. Dividends declared. and paid were $19,500. No noncash investing and financing activities occurred during 2019. 2019 The land was sold for cash of $4,900. $ 14,300 Additional information: 21,200 20,000 70,000 (15,000 $110,500 $ 12,370 75,000 23,130 $110,500 ) 2018 $ 10,700 23,400 26,000 70,000 (10,000 $120,100 $ 31,100 69,000 20,000 $120,100 ) Prepare a statement of cash flows for 2019 using the indirect method. Compute free cash flow.

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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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