Skysong, Inc.'s comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Additional information: 1 2 Skysong, Inc. Comparative Balance Sheets December 31 3. 2022 $ 14,900 21,500 19,700 70,100 (14,800 ) $111.400 $ 12,100 75,400 23,900 $111,400 2021 $ 10,400 23,400 25,900 70,100 (10,700 ) $119,100 $31.300 70,600 17,200 $119,100 Net income was $22,400. Dividends declared and paid were $15.700. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,900.

Skysong, Inc.'s comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total Additional information: 1 2 Skysong, Inc. Comparative Balance Sheets December 31 3. 2022 $ 14,900 21,500 19,700 70,100 (14,800 ) $111.400 $ 12,100 75,400 23,900 $111,400 2021 $ 10,400 23,400 25,900 70,100 (10,700 ) $119,100 $31.300 70,600 17,200 $119,100 Net income was $22,400. Dividends declared and paid were $15.700. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,900.

Name: Please dont proide soltuion in an image format thnks (b)* Your answer
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Please dont proide soltuion in an image format thnks (b)* Your answer is incorrect.Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parenthesese.g. (45).)Free cash flow-400 Skysong, Inc.'s c

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks