Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During 2025 , the following occurred. 1. Blue liquidated its available-for-sale debt investment portfolio at a loss of $8,380. 2. A tract of land was

image text in transcribed

image text in transcribed

During 2025 , the following occurred. 1. Blue liquidated its available-for-sale debt investment portfolio at a loss of $8,380. 2. A tract of land was purchased for $41,380. 3. An additional $30,000 in common stock was issued at par. 4. Dividends totaling $13,380 were declared and paid to stockholders. 5. Net income for 2025 was $38,380, including $15,380 in depreciation expense. 6. Land was purchased through the issuance of $33,380 in additional bonds. 7. At December 31,2025 , Cash was $73,580, Accounts Receivable was $45,380, and Acc Compute Blue's free cash flow and current cash debt coverage for 2025. (Round current cash debt coverage to 2 decimal places, e.g. 0.62:1. Show amount that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Free cash flow $ Current cash debt coverage :1 During 2025 , the following occurred. 1. Blue liquidated its available-for-sale debt investment portfolio at a loss of $8,380. 2. A tract of land was purchased for $41,380. 3. An additional $30,000 in common stock was issued at par. 4. Dividends totaling $13,380 were declared and paid to stockholders. 5. Net income for 2025 was $38,380, including $15,380 in depreciation expense. 6. Land was purchased through the issuance of $33,380 in additional bonds. 7. At December 31,2025 , Cash was $73,580, Accounts Receivable was $45,380, and Acc Compute Blue's free cash flow and current cash debt coverage for 2025. (Round current cash debt coverage to 2 decimal places, e.g. 0.62:1. Show amount that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Free cash flow $ Current cash debt coverage :1

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

Students also viewed these Accounting questions