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Flounder Corporation engaged in the following cash transactions during 2020. Sale of land and building Purchase of treasury stock Purchase of land Payment of cash
Flounder Corporation engaged in the following cash transactions during 2020. Sale of land and building Purchase of treasury stock Purchase of land Payment of cash dividend Purchase of equipment Issuance of common stock Retirement of bonds $181,200 44,600 38,400 90,000 59,100 152,300 107,600 Determine Flounder's free cash flow, assuming that it reported net cash provided by operating activities of $401,760. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow 214,216
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