Question Details

Hogan Enterprises reported cash flow from operations 



1
Doctor Company prepared the tabulation below at December 31, 2012.

Net Income		$307,000

Adjustments to reconcile net income to net cash provided by operating activities:

	Depreciation expense, $32,000			

	Decrease in accounts receivable, $50,000			

	Increase in inventory, $12,000			

	Decrease in accounts payable, $8,600			

	Increase in income taxes payable, $1,500			

	Loss on sale of land, $5,000			

	Net cash provided (used) by operating activities			

Instructions
Show how each item should be reported in the statement of cash flows. Use parentheses for deductions.


2
Hogan Enterprises reported cash flow from operations of $275,000. The company made capital expenditures of $110,000 and paid dividends of $35,000. 

Instructions
Compute free cash flow.



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