Additional data:
Depreciation expense was $
Dividends declared and paid were $
During the year, equipment was sold for $ cash. This equipment originally cost $ and had accumulated
depreciation $ the time sale.
onds were redeemed their carrying value.
Further analysis reveals the following.
Accounts payable pertain to merchandise suppliers.
All operating expenses except for depreciation were paid in cash.
All depreciation expense is in the selling expense category.
All sales and inventory purchases are on account.
Prepare a statement of cash flows for Crane Company using the direct method. Show amounts that decrease cash flow with either a
sign eg or in parenthesis eg
CRANE COMPANY
cash payments:
b
Compute free cash flow. Enter negative amount using either a negative sign preceding the number eg or parentheses eg
Free cash flow $
