Question: p Can you please answer this question very quickly. i don't have much time. thank you MICROSOFT CORPORATION Comparative Balance Sheets December 31 2021 2020
p

Can you please answer this question very quickly. i don't have much time. thank you
MICROSOFT CORPORATION Comparative Balance Sheets December 31 2021 2020 Cash $ 18,700 $ 22,700 Accounts receivable 24,700 22,300 Investments 25,000 16,000 Equipment Accumulated depreciation 59,000 70,000 (14,500) (10,000) Total $112.900 $121,000 Accounts payable $ 13,600 $ 11,100 Bonds payable 6,000 30,000 Common stock 50,000 45,000 Retained earnings 34,900 43,300 $112.900 Total $121,000 Additional information: 1. Net income was $17,700. Dividends declared and paid were $9,300. 2. Equipment which cost $11,000 and had accumulated depreciation of $2,000 was sold for $4,000. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. REQUIRED (a) Prepare a statement of cash flows for 2021 using the indirect method. (b) Compute free cash flow
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
