FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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COTB MC Qu. 15-48 (Algo) Assume that a company provided...
Assume that a company provided the following statement of cash flows (all sales are on account):
Operating activities:
Net income
Adjustments to convert net income to a cash basis:
Depreciation
Decrease in accounts receivable
Increase in inventory
Increase in accounts payable
Net cash provided by (used in) operating activities
Investing activities:
Additions to property, plant, & equipment
Net cash provided by (used in) investing activities
Financing activities:
Issuance of common stock
Cash dividends paid
Net cash provided by (used in) financing activities
Net increase in cash and cash equivalents
Operating activities:
Net income
Adjustments to convert net income to a cash basis:
Depreciation.
Decrease in accounts receivable
Increase in inventory
Increase in accounts payable:
Net cash provided by (used in) operating activities
Investing activities:
Additions to property, plant, & equipment
Net cash provided by (used in) investing activities
Financing activities:
Issuance of common stock
Cash dividends paid
Net cash provided by (used in) financing activities
Net increase in cash and cash equivalents
Beginning cash and cash equivalents
Ending cash and cash equivalents
How much is the company's free cash flow?
Multiple Choice
O $(17)
O
$19
$15
$2
$15
2
(10)
4
(40)
5
(22)
$15
2
(10)
4
(40)
5
(22)
$ 53
(40)
(17)
$53
11
64
11
64
(40)
(17)
7
6
$13
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Transcribed Image Text:COTB MC Qu. 15-48 (Algo) Assume that a company provided... Assume that a company provided the following statement of cash flows (all sales are on account): Operating activities: Net income Adjustments to convert net income to a cash basis: Depreciation Decrease in accounts receivable Increase in inventory Increase in accounts payable Net cash provided by (used in) operating activities Investing activities: Additions to property, plant, & equipment Net cash provided by (used in) investing activities Financing activities: Issuance of common stock Cash dividends paid Net cash provided by (used in) financing activities Net increase in cash and cash equivalents Operating activities: Net income Adjustments to convert net income to a cash basis: Depreciation. Decrease in accounts receivable Increase in inventory Increase in accounts payable: Net cash provided by (used in) operating activities Investing activities: Additions to property, plant, & equipment Net cash provided by (used in) investing activities Financing activities: Issuance of common stock Cash dividends paid Net cash provided by (used in) financing activities Net increase in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents How much is the company's free cash flow? Multiple Choice O $(17) O $19 $15 $2 $15 2 (10) 4 (40) 5 (22) $15 2 (10) 4 (40) 5 (22) $ 53 (40) (17) $53 11 64 11 64 (40) (17) 7 6 $13
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