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
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
Section: Chapter Questions
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 |
12,390 | |
Increase in accounts payable | 8,090 | |
Purchase of equipment (capital expenditure) | 9,020 | |
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
Compute
Free Cash Flow |
$enter free cash flow in dollars
|
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