Presented below is a condensed version of the comparative statements of financial position for Yoon Ltd. for
Question:
Presented below is a condensed version of the comparative statements of financial position for Yoon Ltd. for the last 2 years at December 31 (amounts in millions).
Additional information:
Investments were sold at a loss of ₩ 7,000; no equipment was sold; cash dividends paid were ₩ 50,000; and net income was ₩ 160,000.
Instructions
a. Prepare a statement of cash flows for 2022 for Yoon Ltd.
b. Determine Yoon’s free cash flow.
Transcribed Image Text:
2022 2021 Investments W 52,000 W 74,000 Equipment 298,000 240,000 Less: Accumulated depreciation-equipment (106,000) (89,000) Accounts receivable 180,000 185,000 Cash 157,000 78,000 Share capital-ordinary Retained earnings 160,000 160,000 287,000 177,000 Current liabilities 134,000 151,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Statement of Cash flow of Yoon Ltd Net income of the year 160000 Add depreciation ...View the full answer
Answered By
Nidhi pandey
Hi as mentioned I am Delhi ( India ) based person and qualified my Chartered Accountant degree in 2002.. I worked for various organisations in various departments . I have worked in many educational institutions ( commerce ). My core subjects of expertise are accounting, financial management, cost accounting, banking , income tax and insurance.
I have a teaching experience of more than 15years . My expertise subjects are accounts, income tax , cost accounting, banking, insurance, financial management and financial accounting.
I have not only helped thousand students to improve their knowledge but to develop their expertise in core subjects such as accounting, maths , cost accounting, banking, financial management.
My core objective is to improve the academic growth of students at solution inn as well.
0.00
0 Reviews
10+ Question Solved
Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Question Posted:
Students also viewed these Business questions
-
Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31. Additional information:Investments were sold at a loss (not...
-
Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31. Additional information: Investments were sold at a loss...
-
Presented below is a condensed version of the comparative balance sheets for Garcia Corporation for the last two years at December 31. Additional information: Investments were sold at a loss (not...
-
Sodium sulfate, Na2SO4 with a mass of 15 g is dissolved in 250 g water. What is the boiling point of the solution? Kb for water = 0.52 C/m a) 100 C b) 100.2 C c) 99.67 C d) 101.2 C c) d) O a) b)
-
A gate in an irrigation canal is constructed in the form of a trapezoid 3 ft wide at the bottom, 5 ft wide at the top, and 2 ft high. It is placed vertically in the canal so that the water just...
-
SOLVE was incorporated as a not-for-profit voluntary health and welfare organization on January 1, 2014. During the fiscal year ended December 31, 2014, the following transactions occurred. 1. A...
-
Jorie Aloisio Industries expects credit sales for January, February, and March to be \($200,000\), \($275,000\), and \($310,000\), respectively. It is expected that 70% of the sales will be collected...
-
Toluca Products Co. uses the process cost system. A record of the factory operations for the month of October follows: Production Summary Units Started in process . . . . . . . . . . . . . . . . . ....
-
A certain component is critical to the operation of an electrical system and must be replaced immediately upon failure. If the mean life of this type of component is 80 hours and its standard...
-
Consider the following four LP formulations. Using a graphical approach, determine (a) Which formulation has more than one optimal solution. (b) Which formulation is unbounded. (c) Which formulation...
-
A comparative statement of financial position for Orozco AG is presented below. Additional information: 1. Net income for 2022 was 105,000. 2. Cash dividends of 40,000 were declared and paid. 3....
-
The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2022 appear as follows. Net income of $34,000 was reported, and dividends of $13,000 were paid...
-
(Financial Statement Presentation of Available for Sale Investments) Woolford Company has the following portfolio of available for sale securities at Dec 31, 2006 Instructions a.) What should be...
-
2.Suppose that mean number of companies going public (performing an IPO) is 15 per month. Assume that companies' IPOs are independent events. a) Suppose X= number of IPOs in a given month. How X is...
-
Part 4-Sales Department requests A. The sales department receives calls from customers on a regular basis asking what types of products BA342 sells. A customer has called and wants to know what...
-
Q2. (a) The students A, Az and A3 go to college on any given day with probability P(A.), where i = 1,2 and 3. Suppose that the event of A going to college is independent of Az going to college on any...
-
In the emerging financial market of the kingdom of Agrabah, only two risky stocks are traded: Genie Lamps, Inc. (GL) and Magic Carpets Corp. (MC). Their characteristics are: Expected return of GL:...
-
Baron Von's Munch House offers an equal number of soups and salads, along with 7 types of sandwiches. He advertises 253 possible pairings of his You-Pick-2 special (where customers pick any two...
-
Ryff Corporation's balance sheet at December 31, 2002, showed the following: Short-term investments, at fair value $46,500 Ryff Corporation's trading portfolio of stock investments consisted of the...
-
Velshi Printers has contracts to complete weekly supplements required by fortysix customers. For the year 2018, manufacturing overhead cost estimates total $600,000 for an annual production capacity...
-
Computing Bad Debts and Preparing Journal Entries the trial balance before adjustment of Estefan Inc. shows the following balances. Give the entry for estimated bad debts assuming that the allowance...
-
Journalizing Various Receivable Transactions Presented below is information related to Sanford Corp. July 1 Sanford Corp. sold to Legler Co. merchandise having a sales price of $10,000 with terms...
-
Journalizing Various Receivable Transactions Presented below is information related to Sanford Corp. July 1 Sanford Corp. sold to Legler Co. merchandise having a sales price of $10,000 with terms...
-
In which of the following scenarios might a taxpayer have California-source income resulting from a covenant not to compete? a. Income received is grouped together as one transaction. b. The business...
-
Actividad 3. Anlisis y reporte de caso: empleado herido mientras operaba una sierra circular
-
Which of the following is not a responsibility of the California Department of Tax and Fee Administration? a. administration of sales tax b. administration of use tax c. collection of cost recover...
Study smarter with the SolutionInn App