Question: What would the free cash flow be? Presented here are the financial statements of Blossom Company. Additional data: 1. Depreciation expense was $47,250. 2. Dividends

What would the free cash flow be? Presented here are the financial

What would the free cash flow be?

Presented here are the financial statements of Blossom Company. Additional data: 1. Depreciation expense was $47,250. 2. Dividends declared and paid were $54,000. 3. During the year, equipment was sold for $22,950 cash. This equipment originally cost $48,600 and had accumulated depreciation of $25,650 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. /ork Chapter 12 Question 1 of 1 9.47/20

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