Use the following excerpts from Franklin Companys statement of cash flows and other financial records to determine
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Use the following excerpts from Franklin Company’s statement of cash flows and other financial records to determine the company’s free cash flow for 2018 and 2017.
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Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Capital expenditures were 50% of investing activities, both years Cash dividends paid were $15,000, both years 2018 2017 $222,000 $200,000 (33,000) (35,000) 66,000 60,000
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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In order to determine the amount of cash created by operating operations, the indirect technique for preparing the statement of cash flows entails adjusting net income with changes in balance sheet.
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