Compute free cash flow, Prepare a statement of cash flows

Compute free cash flow

Assignment Help Financial Accounting

Reference no: EM131219355

Presented below are the financial statements of Nosker Company.

Additional data:

Dividends declared and paid were $20,000.

During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had a book value of $8,500 at the time of sale.

All depreciation expense, $14,500, is in the operating expenses.

All sales and purchases are on account.

Instructions

Prepare a statement of cash flows using the indirect method.

Compute free cash flow.

Reference no: EM131219355

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