Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 12-8 blue spruce corp.'s comparative bala

Exercise 12-8 Blue Spruce Corp.'s comparative balance sheets are presented below. Blue Spruce Corp. Comparative...

70.2K

Verified Solution

Question

Accounting

image
image
image
Exercise 12-8 Blue Spruce Corp.'s comparative balance sheets are presented below. Blue Spruce Corp. Comparative Balance Sheets December 31 2019 2018 15,200 $10,600 Cash 20,700 23,500 Accounts receivable 20,300 26,300 Land 69,900 69,900 Buildings (14,800) (10,500) Accumulated depreciation-buildings $111,300 $119,800 Total Accounts payable $11,800 $28,300 75,900 71,600 Common stock Retained earnings 23,600 19,900 $111,300 $119,800 Total Additional information: 1. Net income was $23,100. Dividends declared and paid were $19,400. 2. No noncash investing and financing activities occurred during 2019. 3. The land was sold for cash of $4,500. Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts Blue Spruce Corp. Statement of Cash Flows Adjustments to reconcile net income to LINK TO TEXT LINK TO TEXT Compute free cash flow. (Enter negative amount using either a negative sign preceding Free cash flow $ Open Show Work Click if you would like to Show Work for this question: 4

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

12 The amount of heat needed to raise the temperature of 4 moles of a...

Biology
1.2K views

Describe 3 mechanism by which the calcium increase from high-frequency stimulation can lead to a strengthened...

Biology
1.2K views

Question 1 Points 1 How did Cesar Chavez pressure employers to recognize the National Farm...

Physics
1.2K views

An object with charge q 2 C starts in a region at an electric potential...

Statistics
1.2K views

The probability that a randomly selected Floridian is a Florida native is 0 19 The...

Calculus
1.2K views

Tutorial Exercise Express the number as a ratio of integers 0 81 0 81818181 Step...

Accounting
1.2K views

If the monthly sales volume required to break even is $190,000 and monthly fixed costs...

Accounting
1.2K views

Strassel Investors buys real estate, develops it, and resells it for a profit. A new...

Accounting
1.2K views

During the current year, Ron and Anne sold the following assets: (Use the dividends and...

Accounting
1.2K views

Hart, Attorney at Law, experienced the following transactions in Year 1, the first year of...

Accounting
1.2K views

urgent answers .. please respond all questions ! Student Name:...

Accounting
1.2K views

You are an auditor studying the internal controls of a client receiving department where inventory...