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The following is a condensed version of the comparative balance sheets for Teal Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 2024 $389,400 $171,600 396,000 407,000 162,800 655,600 528.000 (233,200) (195,800) 294,800 332,200 352,000 389,400 114,400 352,000 675,400 Additional information: Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was $352,000.

The following is a condensed version of the comparative balance sheets for Teal Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 2024 $389,400 $171,600 396,000 407,000 162,800 655,600 528.000 (233,200) (195,800) 294,800 332,200 352,000 389,400 114,400 352,000 675,400 Additional information: Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was $352,000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following is a condensed version of the comparative balance sheets for Teal Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 $389,400 396,000 114,400 655,600 (233,200) 294,800 352,000 675,400 2024 $171,600 407,000 162,800 528.000 (195,800) 332.200 352,000 389,400 Additional information: Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was $352,000.
Transcribed Image Text:The following is a condensed version of the comparative balance sheets for Teal Corporation for the last two years at December 31. Cash Accounts receivable Investments Equipment Accumulated depreciation-equipment Current liabilities Common stock Retained earnings 2025 $389,400 396,000 114,400 655,600 (233,200) 294,800 352,000 675,400 2024 $171,600 407,000 162,800 528.000 (195,800) 332.200 352,000 389,400 Additional information: Investments were sold at a loss of $22,000; no equipment was sold; cash dividends paid were $66,000; and net income was $352,000.
Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities: Loss on Sale of Investments Depreciation Expense Decrease in Current Liabilities Decrease in Accounts Receivable Net Cash Provided by Operating Activities Purchase of Equipment Cash Flows from Investing Activities Sale of Investments Payment of Cash Dividends Teal Corporation Statement of Cash Flows For the Year Ended December 31, 2025 9 Net Increase in Cash Net Cash Used by Investing Activities Cash at Beginning of Year Cash Flows from Financing Activities Cash at End of Year eTextbook and Media # Solution Free cash flow # Textbook and Media 9 22000 37400 37400 11000 -127600 26400 352000 33000 385000 -101200 -66000 Determine Teal Corporation's free cash flow (Show amount that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.g. (15,000)) 171600
Transcribed Image Text:Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities: Loss on Sale of Investments Depreciation Expense Decrease in Current Liabilities Decrease in Accounts Receivable Net Cash Provided by Operating Activities Purchase of Equipment Cash Flows from Investing Activities Sale of Investments Payment of Cash Dividends Teal Corporation Statement of Cash Flows For the Year Ended December 31, 2025 9 Net Increase in Cash Net Cash Used by Investing Activities Cash at Beginning of Year Cash Flows from Financing Activities Cash at End of Year eTextbook and Media # Solution Free cash flow # Textbook and Media 9 22000 37400 37400 11000 -127600 26400 352000 33000 385000 -101200 -66000 Determine Teal Corporation's free cash flow (Show amount that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.g. (15,000)) 171600
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