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p can you please answer A and B very quickly i don't have much time like 20 min? thank you MICROSOFT CORPORATION Comparative Balance Sheets
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can you please answer A and B very quickly i don't have much time like 20 min? thank you
MICROSOFT CORPORATION Comparative Balance Sheets December 31 2020 $ 10,700 23,400 2021 Cash $ 21,570 Accounts receivable 18,200 Land 18,000 Building 70,000 Accumulated depreciation (15,000) Total $112.770 26,000 70,000 (10,000) $120,100 $ 12,370 Accounts payable Common stock Retained earnings Total $31,100 69,000 75,000 25,400 $112,770 20,000 $120,100 Additional information: 1. Net income was $27.900. Dividends declared and paid were $22,500. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $5,900. REQUIRED (a) Prepare a statement of cash flows for 2021 using the indirect method. (b) Compute free cash flowStep by Step Solution
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