I only need the red please, the red are wrong Exercise 5-15 Presented below is a
ID: 2341515 • Letter: I
Question
I only need the red please, the red are wrong
Exercise 5-15 Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31 2017 2016 78,000 185,000 74,000 240,000 Cash Accounts receivable Investments Equipment Accumulated Depreciation-Equipment Current liabilities Common stock Retained earnings $177,000 180,000 52,000 298,000 (106,000) (89,000) 134,000 160,000 307,000 151,000 160,000 177,000 Additional information: Investments were sold at a loss of $10,000; no equipment was sold; cash dividends paid were $30,000; and net income was $160,000 Your answer is partially correct. Try again.Explanation / Answer
1st red mark :Net cash provided by operating activities.
2nd redmark : $87,000.
working:
cash flow from operating activities $175,000 less:capital expenditure (equipment purchase)(298,000-240,000) (58,000) less:dividends paid (30,000) free cash flow $87,000