Question
Whispering Winds Ltd. engaged in the following cash transactions during 2020: Proceeds from sale of land and building $213,000 Repurchase of companys own shares 32,000
Whispering Winds Ltd. engaged in the following cash transactions during 2020:
| Proceeds from sale of land and building | $213,000 |
| Repurchase of companys own shares | 32,000 |
| Purchase of land | 45,000 |
| Payment of cash dividends | 59,000 |
| Purchase of equipment | 42,000 |
| Issuance of common shares | 154,000 |
| Retirement of bonds payable | 202,000 |
Whispering Winds prepares financial statements in accordance with ASPE. Determine Whispering Windss free cash flow, assuming that it reported net cash provided by operating activities of $402,000. The purchase of land was for use.
free cash flow= $
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
13th Canadian Edition
9781119740469
