Buckley Corporation's most recent comparative balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets:      Cash and cash equivalents$19 $20 Accounts receivable 26  27 Inventory 56  51 Property, plant, and equipment 686  550 Less accumulated depreciation 430  363 Total assets$ 357 $ 285 Liabilities and stockholders' equity:      Accounts payable$30 $34 Bonds payable 43  40 Common stock 54  50 Retained earnings 230  161 Total liabilities and stockholders' equity$ 357 $ 285 The company's net income for the year was $91 and it paid a cash dividend of $22. It did not dispose of any property, plant, and equipment during the year. The company did not retire any bonds payable or repurchase any of its own

common stock.The free cash flow for the year was:

A. $128
B. $308
C. $14
D. $(8)


Answer: D

Business

You might also like to view...

An imitative business that competes locally with others in the same industry is referred to as ________.

A. incremental competition B. parallel competition C. linear competition D. niche business

Business

A TCP segment carries data octets 456 through 980. The following TCP segment is a supervisory segment carrying no data. What value is in the sequence number field of the latter TCP segment?

A) 456 B) 457 C) 980 D) 981

Business

Communication noise can exist even when people speak the same language. This occurs because of the:

A.  skill differences among people. B.  lack of necessary aptitudes. C.  richness of the communication channel. D.  reduced channel bandwidth. E.  cultural differences among people.

Business

The essence of __________ framework is that a firm's performance in the marketplace depends critically on the characteristics of the industry environment in which it competes

a. free enterprise b. industrial organization c. industrial market d. all of the above

Business