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3. Clarmont Corporation engaged in the following cash transactions during 2012: Sale of land and building 209,000 Purchase of treasury stock 35,000 Purchase of land
3. Clarmont Corporation engaged in the following cash transactions during 2012:
Sale of land and building 209,000
Purchase of treasury stock 35,000
Purchase of land 38,000
Payment of cash dividend 105,000
Purchase of equipment 54,000
Issuance of common stock 150,000
Retirement of bonds 97,500
Required: What is Clarmonts free cash flow, assuming that it reported net cash provided by operating activities of $650,000?
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