Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I tried many numbers and 34,740 is not correct. please help figure it put thx. Bramble Company Comparative Balance Sheets December 31 Liabilities and Stockholders'

I tried many numbers and 34,740 is not correct. please help figure it put thx. image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Bramble Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable $28.1007.50026,90017.60050.400$16,9008,40032,40014.00040.700 Retained earnings \begin{tabular}{cc} 50,400 & 40,700 \\ $130,500 & $112,400 \\ \hline \end{tabular} Bramble Company Income Statement For the Year Ended December 31, 2022 Sales revenue $242,600 Cost of goods sold Grossprofit 67,300 Selling expenses $18.675 \begin{tabular}{lr} Administrative expenses & 6,22524,900 \\ \hline \end{tabular} Income from operations 42,400 Interest expense Income before income taxes 39,300 Income tax expense Net income $,860 Additional data: 1. Depreciation expense was $17,000. 2. Dividends declared and paid were $21,740. 3. During the year equipment was sold for $6,600 cash. This equipment cost $17,700 originally and had accumulated depreciation of $11,100 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Commonstock was issued at par for cash. Compute free cash flow. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesis eg. (15,000) Free cash flow

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

Question

1. Differentiate between the types of audiences that read documents

Answered: 1 week ago

Question

How We Listen?

Answered: 1 week ago