Presented below is a condensed version of the preparative balance sheets for Son

Question

Presented below is a condensed version of the preparative balance sheets for Sondergaard Corporation for the last two years at December 31. 2010 . 2009 Cash $157,000 $ 78,000 Accounts receivable 180,000 185,000 Investments 52,000 74,000 Equipment 298,000 240,000 Less: Accumulated depreciation (106,000) (89,000) Current liabilities 134,000 151,000 Capital stock 160,000 160,000 Retained earnings 287,000 177,000 Additional information: Investments were sold at a loss (not extraordinary) of$7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000. Instructions (a) Prepare a statement of cash. Flows for 2010 for Sondergaard Corporation. (b) Determine Sondergaard Corporation's free cash flow.

Explanation / Answer

https://www.google.com.pk/url?sa=t&rct;=j&q;=&esrc;=s&source;=web&cd;=2&cad;=rja&ved;=0CDoQFjAB&url;=http://www.sba.pdx.edu/faculty/elizabetha/eaaccess/381/Ch05Assigned.doc&ei;=XwcbUczUN8X64QSc04HwBQ&usg;=AFQjCNFiSOfHomg2De1ayZXUtRez6R0bhA&sig2;=KNQaMT9O3gEFpzS2JSM9ig&bvm;=bv.42261806,d.bGE

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.