Question
Flynn Company reported a net loss of $50,000 for the year ended December 31, 2017. During the year, accounts receivable decreased $25,000, inventory increased $40,000,
Flynn Company reported a net loss of $50,000 for the year ended December 31, 2017. During the year, accounts receivable decreased $25,000, inventory increased $40,000, accounts payable increased by $50,000, and depreciation expense of $25,000 was recorded. During 2017, operating activities provided net cash of $40,000. used net cash of $40,000. used net cash of $10,000. provided net cash of $10,000. Dynasty Company has the following information available: Net income, 15,000; Cash provided by operations, 25,000; Cash sales, 75,000; Capital expenditures, 11,000; and Cash dividends, 3,000. How much is Dynasty's free cash flow? 1,000 40,000 11,000 35,000
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