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6 Apex Company prepared the statement of cash flows for the current year that is shown below: 1 points eBook Hint Apex Company Statement of
6 Apex Company prepared the statement of cash flows for the current year that is shown below: 1 points eBook Hint Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 40,800 Adjustments to convert net income to cash basis: Depreciation $ 20,100 Increase in accounts receivable (61,300) Increase in inventory (27,000) Decrease in prepaid expenses 11,000 Increase in accounts payable 53,900 Decrease in accrued liabilities (11,100) Increase in income taxes payable 4,400 (10,000) Net cash provided by operating activities 30,800 Investing activities: Proceeds from the sale of equipment 14,500 Loan to Thomas Company (41,200) Additions to plant and equipment (120,600) Net cash used for investing activities (147,300) Financing activities: Increase in bonds payable 88,100 Increase in common stock 38,100 Cash dividends (29,300) Net cash provided by financing activities 96.900 Print References Net decrease in cash Beginning cash balance (19,600) 28,500 Ending cash balance $ 8.900 Decrease in accrued liabilities Increase in income taxes payable (11,100) 4,400 (10,000) 30,800 1 points Net cash provided by operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash used for investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends 14,500 (41,200) (120,600) eBook (147,300) Hint 88,100 38,100 (29,300) Print Net cash provided by financing activities 96,900 References Net decrease in cash Beginning cash balance (19,600) 28,500 Ending cash balance $ 8,900 Required: Compute Apex Company's free cash flow for the current year. (Negative amoyant should be indicated by a minus sign.) Free cash flow
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