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Given below is the 2018 cash flow statement for Grove Company: Cash flows from operating activities: Cash receipts form operating activities $ 250,000 Cash payments
Given below is the 2018 cash flow statement for Grove Company: Cash flows from operating activities: Cash receipts form operating activities $ 250,000 Cash payments for operating activities (150,000) Net cash provided by operating activities $100,000 Cash flows from investing activities Cash paid for capital expenditures ($80,000) Net cash used by investing activities (80,000) Cash flows from financing activities Issuance of common stock $ 30,000 Issuance of notes payable 20,000 Dividends paid (5,000 45,000 Net increase in cash $ 65,000 Grove's 2018 free cash flow is: O $35,000 O $15,000 0 $100,000 O $20,000
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