Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Free cash flow is all cash in the bank: cash from operations cash from financing less cash used to purchase fixed assets to maintain productive

image text in transcribed
Free cash flow is all cash in the bank: cash from operations cash from financing less cash used to purchase fixed assets to maintain productive capacity and cash used for dividends cash flow from operations less cash used to purchase fixed assets to maintain productive capacity Land costing $140,000 was sold for $173,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? $173,000 $140,000 $313,000 $33,000 Based on the above data, what is the amount of quick assets? $205,000 $203,000 $131,000 $66,000 Based on the above data, what is the amount of working capital? $238,000 $128,000 $168,000 $203,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Approach To Financial Accounting No Need Of Cramming Formats

Authors: Samuel A. Olowoniyi ACA

1st Edition

148253150X, 978-1482531503

More Books

Students also viewed these Accounting questions