On its Statement of Cash Flows, NW Stone Supply reported cash flow from operating activities of $108,000, cash flow from investing activities of $87,000, and cash flow from financing activities of ($61,000). NW Stone Supply invested $55,000 cash in long-term assets. NW Stone Supply free cash flow is:
A) $32,000.
B) $6,000.
C) $53,000.
D) $79,000.
C) $53,000.
Explanation: net cash flow from operations - cash paid for long-term assets; ex: $108,000 - $55,000 = $53,000
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