The Franco Corporation had net income of $3,000,000. Depreciation was $500,000,
purchases of plant assets were $250,000, and disposals of plant assets with net book value of
$100,000 resulted in a $60,000 gain. Stock was issued in exchange for an outstanding note
payable of $125,000. Accounts receivable decreased by $25,000. Accounts payable decreased
by $40,000. Dividends of $30,000 were paid to shareholders. Franco had interest expense of
$5,000. How much was Franco’s net cash flow from investing activities?
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Posted 15 Sep 2017 09:09 AM
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