Sherman, Inc. expects net cash flow from operating activities to be $120,000, and the company plans purchases

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Sherman, Inc. expects net cash flow from operating activities to be $120,000, and the company plans purchases of equipment of $87,000 and repurchases of stock of $18,000. What is Sherman's free cash flow?

A. $15,000

B. $120,000

C. $33,000

D, $87,000

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College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

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Posted Date: Feb 15, 2019 09:11 AM

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Sherman, Inc. expects net cash flow from operating activities to be $120,000, and the company plans purchases

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Expert Answer:

Option C ie 33000 Free Cash Flows C... View the full answer

College Accounting A Practical Approach

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