INTERMEDIATE ACCOUNTING(EBOOK-W/WILEY+)
17th Edition
ISBN: 9781119614142
Author: Kieso
Publisher: WILEY
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How much interest expense is incurred?? Financial accounting
A firm with no net debt reports cash flow from operations of $5,400 million in its cash flow
statement after adding $1,700 million in accruals to earnings. It reported cash investments in
operations of $3,200 million. What were the firm's free cash flow and earnings for the
period?
a. Free cash flow: $2,200 million; Earnings: $3,700 million
b. Free cash flow: $2,000 million; Earnings: $3,900 million
c. Free cash flow: $2,200 million; Earnings: $3,900 million
d. Free cash flow: $2,000 million; Earnings: $3,700 million
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