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2. Clayborn Corporation's net cash provided by operating activities was $119,900; its net income was $105,000; its income taxes were $46,000; its capital expenditures were
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Clayborn Corporation's net cash provided by operating activities was $119,900; its net income was $105,000; its income taxes were $46,000; its capital expenditures were $95,400; and its cash dividends were $29,400. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.) Free cash flow Cridberg Corporation's selling and administrative expenses for last year totaled $296,000. During the year the company's prepaid expense account balance increased by $36,000 and accrued liabilities decreased by $30,000. Depreciation for the year was $61,000. Based on this information, selling and administrative expenses adjusted to a cash basis under the direct method on the statement of cash flows would beStep by Step Solution
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