Accounting During the year, Team Shirts, Inc. had net cash from operating activitiesof $50,000; it paid $20,000 in dividends; it purchased equipment for$30,000; and it purchased office supplies for $10,000. Free cash flow forthe year was:a) $0b) $(10,000)c) $10,000d) $100,000

Step 1: Understand the Formula for Free Cash FlowThe formula to calculate Free Cash Flow is:FCF =…

Answered: During the year, Team Shirts, Inc. had…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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A corporation had $24,000 of cash at the beginning of the year. During the year, it had sales on account of $21,000 and cash receipts of $25,000 during the year. At the end of the year, it had $33,000 of cash. What was the corporation's cash disbursements for the year? O $24,000 O $12,000 O $28,000 O $18,000 O $16,000
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Kela Corporation reports net income of $570,000 that includes depreciation expense of $78,000. Also, cash of $59,000 was borrowed on a 4-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice $629,000. $648,000. $492,000. $707,000.
Current Attempt in Progress In the Crane Corporation, cash receipts from customers were $135000, cash payments for operating expenses were $101000, and one-third of the company's $8400 income taxes were paid during the year. Net cash provided by operating activities is: O $25600. O $28400. O $34000. O $31200.
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Kela Corporation reports net income of $510,000 that includes depreciation expense of $85,000. Also, cash of $46,000 was borrowed on a 3-year note payable. Based on this data, total cash inflows from operating activities are: Multiple Choice O $641,000. $595,000. O $556,000 $425,000
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During the year, they had cash flow from operations of $75,000 and cash flow from investing of -$15,000. The purchase of PPE during the year was $17,000 and payment of dividends of $12,000. What is the free cash flow for the year? $59,000 $58,000 $60,000 $46,000
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During the year, Team Shirts, Inc. had net cash from operating activities of $50,000; it paid $20,000 in dividends; it purchased equipment for $30,000; and it purchased office supplies for $10,000. Free cash flow for the year was: a) $0 b) $(10,000) c) $10,000 d) $100,000