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Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31. 2014 2013
Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31. 2014 2013 Additional information: Investments were sold at a loss (not extraordinary) of $11,440; no equipment was sold; cash dividends paid were $34,320; and net income was $183,040.Determine Zubin Mehta Corporations free cash flow (theres should be 17 entries)
2014 | 2013 | |||||
Cash | $ 202,488 | $ 89,232 | ||||
Accounts receivable | 205,920 | 211,640 | ||||
Investments | 59,488 | 84,656 | ||||
Equipment | 340,912 | 274,560 | ||||
Accumulated Depreciation-Equipment | (121,264 | ) | (101,816 | ) | ||
Current liabilities | 153,296 | 172,744 | ||||
Common stock | 183,040 | 183,040 | ||||
Retained earnings | 351,208 | 202,488 |
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