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).
2019 2018 w 52,000 w 74,000 Investments Equipment 298,000 240,000 Less: Accumulated depreciation-equipment (106,000) (89

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 2019 for Yoon Corporation.
b. Determine Yoon Corporation's free cash flow.

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Related Book For  book-img-for-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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