Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute free cash flow Pharoah Company Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities

Compute free cash flow
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Pharoah Company Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income \( \$ \longdiv { 3 1 7 6 0 } \) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $\begin{tabular}{ll} \hline & 16500 \\ \hline \end{tabular} Increase in Accounts Receivable Increase in Ifventory \begin{tabular}{|c|c|} \hline & 13400 \\ \hline & \\ \hline & 10300 \\ \hline \end{tabular} Increase in Accounts Payable \begin{tabular}{|c|c|} \hline 11900 \\ \hline \end{tabular} Decrease in Income Taxes Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Net Cash Provided by Investing Activities Cash Flows from Financing Activities Payment of Dividends \begin{tabular}{|l|l|} \hline27460 \\ \hline \end{tabular} Redemption of Bonds \begin{tabular}{|l|} \hline4400 \\ \hline \end{tabular} Issuance of Common Stock Net Cash Used by Financing Activities Net increase in Cash Cash at Beginning of Period Cashat End of Period Compute free cash flow. (Show amounts that decrease cash flow with either a-sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Free cash flow Attempts: 0 of 3 used

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance & Consulting Services

Authors: Kurt F Reading, Paul J Sobel, Urton L Anderson, Michael J Head, Sri Ramamoorti

1st Edition

0894136100, 9780894136108

More Books

Students also viewed these Accounting questions

Question

a. Did you express your anger verbally? Physically?

Answered: 1 week ago