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Additional information for 2021: (1) Sold available-for-sale debt securities costing $69,500 for $74,000. (2) Equipment costing $20,000 with a book value of $5,000 was sold
Additional information for 2021: (1) Sold available-for-sale debt securities costing $69,500 for $74,000. (2) Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. (3) Issued 6% bonds payable at face value, $200,000. (4) Purchased new equipment for $145,000 cash. (5) Paid cash dividends of $20,000. (6) Net income was $50,000.
what is free cash? show ur steps please? formula= Net cash provided by operating activities- capital expenditures - cash dividends
The Murdock Corporation reported the following balance sheet data for 2021 and 2020: 2021 2020 Cash $ 77,375 $ 22,955 Available-for-sale debt securities (not cash equivalents) 15,500 85,000 Accounts receivable 80,000 68,250 Inventory 165,000 145,000 Prepaid insurance 1,500 2,000 Land, buildings, and equipment 1,250,000 1,125,000 Accumulated depreciation (610,000 (572,000 ) Total assets $ 979,375 $ 876,205 Accounts payable $ 76,340 $ 148,670 Salaries payable 20,000 24,500 Notes payable (current) 25,000 75,000 Bonds payable 200,000 0 Common stock 300,000 300,000 Retained earnings 358,035 328,035 Total liabilities and shareholders' equity $ 979,375 876,205Step by Step Solution
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