Answered: Amount Activity 123,000 83,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

I am in need of some explanation as to what is considered an Operation, Investing, and Financial Activity. I know there is always a "red herring" thrown in so we learn what belongs and what doesn't. The problem is the I don't have anything to reference. I have been creating spreadsheets and then Identifying the different items as one of the activities in an additional column (See attached). In this exercise I need to caclulate the Cash Flow from the list. I am frustrated because I can not figure out what belongs, what doesn't so then I can't figure out the Cash Flow. Need help with understanding - and that will help me find the solution. Resubmitting the same question.

Amount Activity
123,000
83,000 Financing
244,000 Operating
138,000
608,000
Description
Capital expenditures
Cash dividends
Cash provided by operating activities
Net income
Sales
Compute the Corporations free cash flow

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