Answered step by step
Verified Expert Solution
Question
1 Approved Answer
fyi the answer is not $50,985 there is other pictures Expert Q&A Done Chapter 12 Question de Create For Yard 12.2003 molt com C. Net
fyi the answer is not $50,985
there is other pictures
Expert Q&A Done Chapter 12 Question de Create For Yard 12.2003 molt com C. Net Nutch Setcare Sko | Co Pad March Cah Sunland Company issued the following statement of cash flows for 2022 $60,770 Sunland Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $9,373 Decrease in accounts receivable 9,785 Increase in inventory (5.150) Decrease in accounts payable (2,266 ) Loss on disposal of plant assets 3,399 Net cash provided by operating activities Cash flows from investing activities Sale of investments 3,193 15,141 75,911 Purchase of equipment (24,926) (21,733) Net cash used by Investing activities Cash flows from financing activities Issuance of stock 20,600 (10,300 Payment on long-term note payable Payment for dividends Net cash used by financing activities (13,390 13,090) Net increase in cash 51088 Cash at beginning of year 13,390 Cash at end of year $64.478 (a) Compute free cash flow for Sunland Company. (Show a negative free cash flow with elther a sign 6.9. -15,000 or In parenthesis es. (15,000)) Free cash flow for Sunland Company 50,985 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started