INTERMEDIATE ACCOUNTING(EBOOK-W/WILEY+)
17th Edition
ISBN: 9781119614142
Author: Kieso
Publisher: WILEY
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Can you please provide correct answer this financial accounting question?
How much interest expense is incurred?? Financial accounting
A firm with no net debt reports cash flow from operations of $5,400 million in its cash flow
statement after adding $1,700 million in accruals to earnings. It reported cash investments in
operations of $3,200 million. What were the firm's free cash flow and earnings for the
period?
a. Free cash flow: $2,200 million; Earnings: $3,700 million
b. Free cash flow: $2,000 million; Earnings: $3,900 million
c. Free cash flow: $2,200 million; Earnings: $3,900 million
d. Free cash flow: $2,000 million; Earnings: $3,700 million
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- I want to correct answer general accounting questionarrow_forwardHow many machine hours were used during the year?arrow_forwardRidgeline Plastics manufactures high-strength plastics for aerospace components. In 2021, the company produced 6,000 tons of plastic but sold 3,800 tons. In 2022, it produced the same amount but sold 7,500 tons (selling all its inventory). The selling price per ton was $1,950, variable manufacturing costs per ton were $450, and variable selling expenses were $550 per ton. Fixed manufacturing costs were $4,200,000, and fixed administrative expenses were $700,000. Compute net income under variable costing for 2021.arrow_forward
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