Presented below is a condensed version of the comparative statements of financial position for Yoon Corporation for the last two years at December 31 (amounts in millions) Additional information Investments were sold at a loss of W7,000 no equipment was sold cash dividends paid were W50,000 and net...

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Presented below is a condensed version of the comparative statements of financial position for Yoon Corporation for

Question:

Presented below is a condensed version of the comparative statements of financial position for Yoon Corporation for the last two years at December 31

(amounts in millions).

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Additional information:
Investments were sold at a loss of W7,000; no equipment was sold; cash dividends paid were W50,000; and net income was W160,000.
Instructions

(a) Prepare a statement of cash flows for 2015 for Yoon Corporation.

(b) Determine Yoon Corporation’s free cash flow.

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Related Book For answer-question

Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Mar 17, 2024 07:00 AM

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Presented below is a condensed version of the comparative statements of financial position for Yoon Corporation for

Question:

2015 Investments # 52,000 2014 #74,000 Equipment 298,000 240,000 Less: Accumulated depreciation-equipment (106,000) (89,000) Accounts receivable 180,000 185,000 Cash Share capital-ordinary Retained earnings Current liabilities 157,000 78,000 160,000 160,000 287,000 177,000 134,000 151,000

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Intermediate Accounting IFRS Edition

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