Question: Additional data: 1. Depraciation expenss was $43,750. 2. Dividends declarad and paid were $50,000 3. During the year, equipment was sold for $21,250 cash. This



Additional data: 1. Depraciation expenss was $43,750. 2. Dividends declarad and paid were $50,000 3. During the year, equipment was sold for $21,250 cash. This acuipment orizinaly cost $25,000 and had accumulated depreciation of $23,750 at the time of sale. 4. Bonds ware redeemad at their carrying value. 5. Common stockwas issusd at par for cash. Compute free cash flow. (Show amounts that decrease free cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Freecash flow $
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
