Net income for the year for Tanizaki, Inc. was $750,000,but the statement of cash flows reports that net cash providedby operating activities was $860,000. Tanizaki alsoreported capital expenditures of $75,000 and paid dividendsin the amount of $30,000. Compute Tanizaki’s freecash flow.

Net income for the year for Tanizaki, Inc. was $750,000,but the statement of cash flows reports that net cash providedby operating activities was $860,000. Tanizaki alsoreported capital expenditures of $75,000 and paid dividendsin the amount of $30,000. Compute Tanizaki’s freecash flow.

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

Net income for the year for Tanizaki, Inc. was $750,000,
but the statement of cash flows reports that net cash provided
by operating activities was $860,000. Tanizaki also
reported capital expenditures of $75,000 and paid dividends
in the amount of $30,000. Compute Tanizaki’s free
cash flow.

Definition Definition Cash that is left over after a company has paid for its operating and capital expenses. Unlike net income or earnings, free cash flow excludes non-cash expenses of the income statement and includes the expenditures on equipment and assets. Free cash flow also helps potential shareholders to evaluate how quickly the company can pay interest and dividends.

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