Question
Insider Info Inc. reported the following for the year 2017: Net income.. $100,000 Cash flows provided by operating activities. $75,000 Cash flows used by investing
Insider Info Inc. reported the following for the year 2017: Net income.. $100,000 Cash flows provided by operating activities. $75,000 Cash flows used by investing activities. $15,000 Cash flows used by financing activities $50,000 Beginning balance of cash, 1/1/2017 $20,000 Non-cash investing and financing activities. $10,000 The cash flows used by investing activities were to purchase plant assets; $20,000 of the cash flows used by financing activities was to pay cash dividend to common stock shareholders. The free cash flows for Insider Info Inc. for 2017 is
| $55,000 | |
| $65,000 | |
| $80,000 | |
| $85,000 |
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