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UOP ACC 291 Week 5 Exercise E12 .pdf


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UOP ACC 291 Week 5 Exercise E12-3, E12-10 NEW

Check this A+ tutorial guideline at
http://www.uopassignments.com/acc-291-uop/acc-291week-5-exercise- recent

For more classes visit
http://www.uopassignments.com
Prepare the operating activities section—indirect method.
E12-3 Sosa Company reported net income of $190,000 for 2017.
Sosa also reported depreciation expense of $35,000 and a loss
of $5,000 on the disposal of plant assets. The comparative
balance sheets show an increase in accounts receivable of
$15,000 for the year, a $17,000 increase in accounts payable,
and a $4,000 increase in prepaid expenses.
Instructions
Prepare the operating activities section of the statement of cash
flows for 2017. Use the indirect method.
Compare free cash flow of two companies.

E12-10 Information for two companies in the same industry,
Merrill Corporation and Wingate Corporation, is presented
here.
Merrill Corporation Wingate Corporation
Net cash provided by operating activities $ 80,000 $100,000
Average current liabilities 50,000 100,000
Net income 200,000 200,000
Capital expenditures 40,000 70,000

Dividends paid 5,000 10,000
Instructions
Compute free cash flow for both companies and compare.


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