An analyst gathered the following information from a companys 2010 financial statements (in $ millions): In 2010,
Question:
An analyst gathered the following information from a company’s 2010 financial statements (in $ millions):
In 2010, the company declared and paid cash dividends of $10 million and recorded depreciation expense in the amount of $25 million. The company considers dividends paid a financing activity. The company’s 2010 cash flow from operations (in $ millions) was closest to
A. 25.
B. 45.
C. 75.
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Step by Step Answer:
To find the cash flow from operations for 2010 we have to start with the change in retained earnings and adjust for any noncash transactions and chang...View the full answer
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Related Book For 
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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