E5.15.  Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation for the last two years at December 31.

                                                                               2012                    2011
Cash                                                                 $157,000              $ 78,000 
Accounts receivable                                            180,000               185,000 
Investments                                                          52,000                 74,000 
Equipment                                                          298,000               240,000 
Less: Acc’d dep’n—equip’t                                 -106,000               -89,000
Current liabilities                                                134,000               151,000 
Capital stock                                                       160,000               160,000 
Retained earnings                                               287,000               177,000 

Additional information:  Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000. 

 (a)      Prepare a statement of cash flows for 2012 for Sondergaard Corporation.

(b)       Determine Sondergaard Corporation’s free cash flow.

Please click on the “PURCHASE” link below to get “BMGT 310 Presented below is a condensed version of the comparative balance sheets for Sondergaard Corporation Answer”.

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on ekmtutor@gmail.com.

Leave a Comment