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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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 alt="1.
2
3.
at
4
S
Depreciation expense was $15.500.
Dividends declared and paid were $24,720.
During the year equipment was sold for $9,200 cash. This equipment cost $18,000 originally and had accumulated
depreciation of $8,800 at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash.
(b)
free cas
Compute free cash flow. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000))
Free cash flow
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Transcribed Image Text:1.
2
3.
at
4
S
Depreciation expense was $15.500.
Dividends declared and paid were $24,720.
During the year equipment was sold for $9,200 cash. This equipment cost $18,000 originally and had accumulated
depreciation of $8,800 at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash.
(b)
free cas
Compute free cash flow. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000))
Free cash flow
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Attempts: 1 of 3 used
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
Transcribed Image Text:Presented here are the financial statements of Marigold Company
Assets
Cash
Accounts receivable
Inventory
Property, plant, and equipment
Accumulated depreciation
Total
Marigold Company
Comparative Balance Sheets
December 31
Liabilities and Stockholders' Equity
Accounts payable
Income taxes payable
Bonds payable
Common stock
Retained earnings
Total
Sales revenue
Cost of goods sold
Gross profit
Selling expenses
Administrative expenses
Income from operations
Interest expense
Income before income taxes
Income tax expense
Net income
Additional data
2022
$37.900
32,300
$18.600
6.200
29,900
$130,400
20,000
78,000
(29.700) (23,000)
$114.200
60,000
Marigold Company
Income Statement
For the Year Ended December 31, 2022
$28,800
7,000
27.400
$130.400
18,100
49, 100
$241,300
175.700
65.600
24800
40.800
2400
38.400
7.680
2021
$30,720
$19.700
19.500
$16.700
8.300
32.000
14.100
43.100
5114,200
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