*Exercise 17-7 Rojas Corporation\'s comparative balance sneets are presented bel
ID: 2587001 • Letter: #
Question
*Exercise 17-7 Rojas Corporation's comparative balance sneets are presented below. Comparative Balance Sheets $11,000 23,800 25,600 70,000 [15,400 0,700] $110,400$119.701 $14,700 21,100 20,000 70,000 Bulldings $12,300 74,600 23,500 Accounts payabie $28,100 73,800 17,800 $110,400 11g.700 Retalned eanings 1. Net Income w2s $23,0D0. DIvidends decared and pald were $17.300 2. NO nancash investing and rihancina actlvities ocaurred during 2017 3. The land was sold for cesh or $4.700 Prepare statement or casn rows for 2017 using the indirect method. (Show amounts that decrease cash rlow wIth aithera-sign e.g. -15,000, or in parenthess e.g. (15,000). Statement of Cash 17-7 Compute free cesh ow. (Enter negative amount using elther a negative sign preceding the number e.g-45 or parentheses e.g.(45 Free cash fow sExplanation / Answer
Statement of cash flow :
Free cash flow is net cash flow from operating activities $15500
Cash flow from operating activities Net income 23000 Adjustment to reconcile net income Depreciation exp 4700 Decrease account receivable 2700 Decrease account payable (15800) Loss on sale of land 900 Net cash flow from operating activities 15500 Cash flow from investing activities Sale of land 4700 Net cash flow from investing activities 4700 Cash flow from financing activities Dividend paid (17300) Issue common stock 800 Net cash flow from financing activities (16500) Net cash flow 3700 Beginning cash 11000 Ending cash 14700Related Questions
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