The Comparative Balance Sheets for Dingdong Corporation Appear Below

question 58

Essay

The comparative balance sheets for Dingdong Corporation appear below: Additional information:
1. Profit for the year ending December 31, 2021 was $ 39,000.
2. Cash dividends of $ 20,000 were declared and paid during the year.
3. Equipment with cost of $ 30,000 and accumulated depreciation of $ 11,500 was sold for proceeds of $ 22,000.
4. Depreciation of property, plant and equipment for the year was properly recorded at $ 8,700.
Instructions
a) Prepare a cash flow statement for the year ended December 31, 2021, using the indirect method.
b) Calculate free cash flow.

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Definitions:

Transformational Leadership

A leadership style that inspires and motivates followers to exceed their own interests for the sake of the group or organization by focusing on higher ideals and moral values.

Employee-Centredness

An approach in management that focuses on the needs, well-being, and involvement of employees in decision-making processes.

Integrity

A personal virtue characterized by honesty, consistency, and ethicality in behavior and decisions.

Robert House

An influential scholar in the field of organizational behavior, known for his development of the Path-Goal Theory of leadership.