Flounder Corp. reported net cash provided by operating activities of $506,760, net cash used by investing activities of $307,500, and net cash provided by financing activities of $86,100. In addition, cash spent for capital assets during the period was $246,000. No dividends were paid. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ 266760

Flounder Corp. reported net cash provided by operating activities of $506,760, net cash used by investing activities of $307,500, and net cash provided by financing activities of $86,100. In addition, cash spent for capital assets during the period was $246,000. No dividends were paid. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ 266760

Name: Flounder Corp. reported net cash provided by operating activities of
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Description: Flounder Corp. reported net cash provided by operating activities of $506,760, net cash used by investing activities of $307,500,and net cash provided by financing activities of $86,100. In addition, cash spent for capital assets during the period w

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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