Instructions: Determine the free cash flow for 2020 Presented below is a condensed version of the comparative
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Determine the free cash flow for 2020
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Presented below is a condensed version of the comparative statements of financial position for BMW Company. for the last 2 years at December 31 (amounts in millions). Assets Investments Equipment Less: Accumulated depreciation-equipment Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary Retained earnings Current liabilities Total 2020 €234,000 €1,341,000 €(477,000) €810,000 €706,500 €2,614,500 €720,000 €1,291,500 €603,000 €2,614,500 Additional information: Net income was €2,160,000. Investments were sold for a price of €67,500 (at a loss of €31,500). No equipment was sold. Cash dividends paid were €225,000. 2019 €333,000 €1,080,000 €(400,500) €832,500 €351,000 €2,196,000 €720,000 €796,500 €679,500 €2,196,000 Presented below is a condensed version of the comparative statements of financial position for BMW Company. for the last 2 years at December 31 (amounts in millions). Assets Investments Equipment Less: Accumulated depreciation-equipment Accounts receivable Cash Total Equity and Liabilities Share capital-ordinary Retained earnings Current liabilities Total 2020 €234,000 €1,341,000 €(477,000) €810,000 €706,500 €2,614,500 €720,000 €1,291,500 €603,000 €2,614,500 Additional information: Net income was €2,160,000. Investments were sold for a price of €67,500 (at a loss of €31,500). No equipment was sold. Cash dividends paid were €225,000. 2019 €333,000 €1,080,000 €(400,500) €832,500 €351,000 €2,196,000 €720,000 €796,500 €679,500 €2,196,000
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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