Analyzing free cash flow [15 min]
Use the McKnight Exercise Equipment data in Exercise and Exercise McKnight plans to purchase a truck for $29,000 and a forklift for $121,000 next year.
Requirement
Computing the cash effect of acquiring assets [10 min]
McKnight Exercise Equipment, Inc., reported the following financial statements for 2012:
Requirement
1. Compute the amount of McKnight Exercise’s acquisition of plant assets. McKnight Exercise sold no plant assets.
Computing the cash effect of transactions [15 min]
Use the McKnight Exercise Equipment data in Exercise
Requirement
1. Compute the following:
a. New borrowing or payment of long-term notes payable, with McKnight Exercise having only one long-term note payable transaction during the year.
b. Issuance of common stock, with McKnight Exercise having only one common stock transaction during the year.
c. Payment of cash dividends.
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