Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Current Attempt in Progress Bridgeport Co. reported the following items in the most recent year: $ 43,500 6.000 9,000 Net income Dividends paid Increase in
Current Attempt in Progress Bridgeport Co. reported the following items in the most recent year: $ 43,500 6.000 9,000 Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment Depreciation expense Issue of notes payable for cash 8.000 9.000 4,500 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-signes -15,000 or in parenthesis eg. (15,000)) Net cash operating activities $ Net change in cash during the year $ Free cash flow $ 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, es 5275) Cash flow per shares
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started