7 E5-15 (Preparation of a Statement of Cash Flows) Presented below is a condensed version of the com- parative statement

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7 E5 15 Preparation Of A Statement Of Cash Flows Presented Below Is A Condensed Version Of The Com Parative Statement 1 (33.75 KiB) Viewed 35 times

7 E5-15 (Preparation of a Statement of Cash Flows) Presented below is a condensed version of the com- parative statements of financial position for Yoon Corporation for the last two years at December 31 (amounts in millions). 2015 2014 Investments W 52,000 74,000 Equipment 298,000 240,000 Less: Accumulated depreciation equipment (106,000) (89,000) Accounts receivable 180,000 185,000 Cash 157,000 78,000 Share capital-ordinary 160,000 160,000 Retained earnings 287,000 177,000 Current liabllities 134,000 151,000 Additional information: Investments were sold at a loss of W7,000; no equipment was sold; cash dividends paid were $50,000; and net income was 4160,000. Instructions (a) Prepare a statement of cash flows for 2015 for Yoon Corporation. (b) Determine Yoon Corporation's free cash flow.