Sage Hill Inc. engaged in the following cash transactions during 2017.
Purchase of land...
Sage Hill Inc. engaged in the following cash transactions during 2017.
Purchase of land $112,000
Purchase of treasury stock 45,000
Issuance of preferred stock 204,000
Sale of land and buildings 271,000
Payment of cash dividends 22,000
Purchase of equipment 67,000
Retirement of bonds 314,000
Sage Hill reported net cash provided by operating activities of $600,000. Determine Sage Hill’s free cash flow.
Answers: 3
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