i Data Table Data Tabe 2024 2023 Payment of cash dividends 14,200 Depreciation expense %24 17,000 Current Assets: Purchase of equipment with cash 54,400 Purchase of building with cash 99,000 99,500 $ 26,500 Issuance of long-term notes payable to borrow cash 46,000 Net income 66,600 Cash Accounts Receivable 14,900 21,500 Issuance of common stock for cash 104,000 Merchandise Inventory 63,800 60,000 Current Liabilities: Print Done Accounts Payable 30,600 25,100 Accrued Liabilities 10,100 11,400 Print Done
i Data Table Data Tabe 2024 2023 Payment of cash dividends 14,200 Depreciation expense %24 17,000 Current Assets: Purchase of equipment with cash 54,400 Purchase of building with cash 99,000 99,500 $ 26,500 Issuance of long-term notes payable to borrow cash 46,000 Net income 66,600 Cash Accounts Receivable 14,900 21,500 Issuance of common stock for cash 104,000 Merchandise Inventory 63,800 60,000 Current Liabilities: Print Done Accounts Payable 30,600 25,100 Accrued Liabilities 10,100 11,400 Print Done
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.21MCE
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Requirement 1. Prepare the statement of cash flows of Morston Educational Supply for the year ended Dec 31,2024. Use the indirect method to report cash flows from operating.
Requirement 2. If morston plans similar activity for 2025 what is it’s expected free cash flow ? Select the labels and enter the amounts to calculate morstons expected free cash flow for 2025
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