Moskow Corporation issued the following statement of cash flows for 2017. (a) Compute free cash flow for
Question:
(a) Compute free cash flow for Moskow Corporation.
(b) Explain why free cash flow often provides better information than "Net cash provided by operating activities."
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...
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MOSKOW CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows from operating activities 59,000 Adjustments to reconcile net income to net cash t assets Net cash provided by operating activities Cash flows from investing activities Net cash used by investing activities (21,100) Cash flows from financing activities Payment on long-term note payable (10,000) (13,000) (3,000) 49,600 13,000 62,600 Net cash used by financing activities
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a Free cash flow 73700 24200 13000 36500 b Net cash provided by operating activ...View the full answer
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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