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Muldur Corporation's comparative balance sheets are presented below.

 

 
MULDUR CORPORATION
Comparative Balance Sheets

December 31

 

2012

 

2011

Cash$ 15,200 $ 17,700
Accounts receivable25,200  22,300
Investments20,000 16,000
Equipment60,000 70,000
Accumulated depreciation

(14,000)

 

(10,000)

     Total

$106,400

 

$116,000

    
Accounts payable$ 14,600 $ 11,100
Bonds payable10,000 30,000
Common stock50,000 45,000
Retained earnings

31,800

 

29,900

     Total

$106,400

 

$116,000

Additional information:

  1. Net income was $18,300. Dividends declared and paid were $16,400.
  2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300.
  3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation.
  4.   
    1 Prepare a statement of cash flows for 2012 using the indirect method
    2  prepare Compute free cash flow.
 
 
    • Posted: 7 years ago
    • Due: 
    • Budget: $40
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