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A.Jay A.Jay
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5 years ago
Milford Lighting Supply expects the following for 2016:

Net cash provided by operating activities of $278,000
Net cash provided by financing activities of $70,000
Net cash provided by investing activities of $79,000
Cash dividends paid to stockholders of $30,000

Milford expects to spend $160,000 to modernize its showroom.  
How much free cash flow does Milford expect for 2016?
A) $118,000
B) $257,000
C) $88,000
D) $99,000
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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gmiannottigmiannotti
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5 years ago
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A.Jay Author
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#2
5 years ago
Makes more sense now, have a good weekend!
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