Question

For the year 2017, a company had the net income for $28,750. The additional information is summarized as follows:

Description

Depreciation expenses

Loss on disposal of assets

Net cash provided by operating activities

Purchase of investments

Sale of asset

Retirement of bonds

Compute the free cash flow.

a. The free cash flow is $31,140.

b. The free cash flow is $30,020. .

c. The free cash flow is $31,950.

d. The free cash flow is $33,070.

Amount

$4,720

$5,300

$36,840

$6,820

$8,880

$10,000​

Answer 1

Answer:

1% M Limited invited applications for 1.000 shares of 100 each at 120 payable as to 55

(including premium) on application, 40 on allotment, and the balance by way of call.

Applications for t.200 shares were received the Board of Directions allotted in field

to applicants for 700 shares, and the balance of the shares 27/03-retta to the remaining

The Board also utilized the excess application money, if any, towards the allotment

X to whom 60 shares were allotted on pro-rata basis failed to pay the allotment and

call moneys. After complying with the necessary procedures, his shares were forfeited

These were subsequently reissued at 110 each

Show the necessary Ledger Accounts to record the above

Answer 2

Answer:

the free cash flow is $31140