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Bridgeport Co. reported the following items in the most recent year: Net income $ 43,500 Dividends paid 6,000 Increase in accounts receivable 9,000 Increase in
Bridgeport Co. reported the following items in the most recent year: Net income $ 43,500 Dividends paid 6,000 Increase in accounts receivable 9,000 Increase in accounts payable 8,000 Purchase of equipment 9.000 Depreciation expense 4.500 Issue of notes payable for cash 28.500 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 company's common shares and are treated as financing activities. Bridgeport uses the indirect method for its Statement of Cash Flows. (Show amounts that decrease cash flow with either a -signeg.-15,000 or in parenthesis eg. (15,000).) Net cash provided by operating activities 47000 Net change in cash during the year $ 47000 Free cash flow $ 32000 Assuming Bridgeport had 100.000 common shares outstanding for the entire year, calculate cash flow per share to be included in the financial statements if Bridgeport follows IFRS and chooses to disclose the ratio. Assume Bridgeport uses cash flow from operations for this ratio. (Round answer to 2 decimal places, eg. 52.75.) Cash flow per share $
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