Rojas Corporations comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019
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Question:
Rojas Corporation’s comparative balance sheets are presented below.
ROJAS CORPORATION | ||||||
---|---|---|---|---|---|---|
2020 | 2019 | |||||
Cash | $14,700 | $11,000 | ||||
Accounts receivable | 21,100 | 23,800 | ||||
Land | 20,000 | 25,600 | ||||
Buildings | 70,000 | 70,000 | ||||
Accumulated depreciation—buildings | (15,400 | ) | (10,700 | ) | ||
Total | $110,400 | $119,700 | ||||
Accounts payable | $12,300 | $28,100 | ||||
Common stock | 74,600 | 73,800 | ||||
Retained earnings | 23,500 | 17,800 | ||||
Total | $110,400 | $119,700 |
Additional information:
1. | Net income was $23,000. Dividends declared and paid were $17,300. | |
2. | No noncash investing and financing activities occurred during 2020. | |
3. | The land was sold for cash of $4,700. |
Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Free cash flow | $enter a dollar amount |
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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