The following is a condensed version of the comparative balance sheets for Nash Corporation for...
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Accounting
The following is a condensed version of the comparative balance sheets for Nash Corporation for the last two years at December 31. 2020 2019 Cash $ 283,200 $ 124,800 Accounts receivable 288,000 296,000 Investments 83,200 118,400 Equipment 476,800 384,000 Accumulated Depreciation Equipment (169,600) (142,400) Current liabilities Common stock 214,400 256,000 491,200 241,600 256,000 283,200 Retained earnings Additional information: Investments were sold at a loss of $16,000; no equipment was sold; cash dividends paid were $48,000; and net income was $256,000. Prepare a statement of cash flows for 2020 for Nash Corporation. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) NASH CORPORATION Statement of Cash Flows Adjustments to reconcile net income to e Textbook and Media Determine Nash Corporation's free cash flow. Free cash flow $
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