Sokage Beverage Company reported the following items in the most recent year. Net income   $46,800 Dividends paid   6,890 Increase in accounts receivable   12,390 Increase in accounts payable   8,090 Purchase of equipment (capital expenditure)   9,020 Depreciation expense   5,090 Issue of notes payable   24,440 Compute net cash provided by operating activities, the net change in cash during the year. (Write as a Statement of cash flows)   Compute free cash flow.  Free Cash Flow   $enter free cash flow in dollars

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
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Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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Sokage Beverage Company reported the following items in the most recent year.

Net income   $46,800
Dividends paid   6,890
Increase in accounts receivable   12,390
Increase in accounts payable   8,090
Purchase of equipment (capital expenditure)   9,020
Depreciation expense   5,090
Issue of notes payable   24,440


Compute net cash provided by operating activities, the net change in cash during the year. (Write as a Statement of cash flows)

 


Compute free cash flow.
 

Free Cash Flow  
$enter free cash flow in dollars 
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