Question
Bramble Co. reported the following items in the most recent year: Net income $51,500 Dividends paid 6,000 Increase in accounts receivable 11,000 Increase in accounts
Bramble Co. reported the following items in the most recent year:
Net income | $51,500 | |
Dividends paid | 6,000 | |
Increase in accounts receivable | 11,000 | |
Increase in accounts payable | 6,500 | |
Purchase of equipment | 8,500 | |
Depreciation expense | 3,000 | |
Issue of notes payable for cash | 25,000 |
Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow. Dividends paid related to the companys common shares and are treated as financing activities. Bramble uses the indirect method for its Statement of Cash Flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Net cash select an option provided byused by operating activities | $enter a dollar amount | |
Net change in cash during the year | $enter a dollar amount | |
Free cash flow | $enter a dollar amount |
Assuming Bramble had 100,000 common shares outstanding for the entire year, calculate cash flow per share to be included in the financial statements if Bramble follows IFRS and chooses to disclose the ratio. Assume Bramble uses cash flow from operations for this ratio. (Round answer to 2 decimal places, e.g. 52.75.)
Cash flow per share $ |
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