Edelman Corporation issued the following statement of cash flows for2014. EDELMAN CORPORATION Statement of Cash Flows-Indirect Method
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EDELMAN CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2014 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash $59,000 provided by operating activities: Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 9,100 9,500 (5,000) (2,200) 3,300 14,700 73,700 Net cash provided by operating activities Cash flows from investing activities Sale of investments Purchase of equipment 3,100 (24,200) Net cash used by investing activities (21,100) Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends 20,000 (10,000) (13,000) Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year (a) Compute free cash flow for Edelman Corporation. (b) Explain why free cash flow often provides better information than "Net cash provided (3,000) 49,600 13,000 $62,600 by operating activities
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a Net cash by operating activities 73700 Purchases of equipment 24200 Dividends 13000 Free cash f...View the full answer
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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