Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. q2: presented below is a condensed version of the

Q2: Presented below is a condensed version of the comparative statements of financial position for...

70.2K

Verified Solution

Question

Accounting

image

Q2: Presented below is a condensed version of the comparative statements of financial position for Ottawa Traders for the last two years at December 31. 2022 2021 Cash CA$177,000 CA$46,500 Accounts receivable 118,000 76.500 Investments 70,000 96,000 Equipment 351,000 175,000 Accumulated depreciation-equipment 93,000 66,000 Current liabilities 136,000 92,000 Share capital - ordinary 140,000 64.000 Retained earnings 347,000 172,000 Additional information: Investments were sold at a gain of CA$8,000. No investments were purchased. No equipment was sold. Cash dividends paid were CA$41,000. Net income was CA$216,000. Instructions (a) Prepare a statement of cash flows for 2022 for Ottawa Traders. (b) Determine Ottawa Traders' free cash flow

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which expression is equivalent to 04 23 O 25 O 4 O 45 12 334...

Calculus
Q

You are given the following information:      State of Economy Return on Stock A Return on Stock B   Bear .119 ?.062                Normal .098 .165                Bull .090 .250                 Assume each state of the...

Finance
Q

We are studying the relationship of age in years and height in inches for children of...

Statistics
Q

What cranial nerves are responsible for movement of the eyeballs? oculomotor, trochlear and abducens oculomotor, trigeminal and abducens trigeminal,...

Medical Sciences
Q

To analyze the need to balance the interests of a variety of stakeholder groups, what questions...

General Management
Q

Show that the following statement is an identity by transforming the left side into the...

Basic Math
Q

Find the area of the surface.The part of the sphere x + y + z...

Calculus
Q

Two secants are intersecting outside the circle notice the whole length of the bottom secant...

Algebra
Q

19 Island Novelties, Inc. of Palau makes two products-Hawn Fantasy and Tahitian Joy Esch products...

Accounting
Q

The following financial Information was taken from the books of Zone Health Club, a small...

Accounting
Q

Calculate net operating profit after taxes (NOPAT) if a firm has sales of $1,000,000, operating...

Finance
Q

please abswer both if youre able to. Please show work so i can learn how...

Accounting