Determine Ayayai free cash flow

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Reference no: EM132702104

Question - Ayayai Ltd. engaged in the following cash transactions during 2020:

Proceeds from sale of land and building $197,000

Repurchase of company's own shares 30,000

Purchase of land 49,000

Payment of cash dividends 64,000

Purchase of equipment 40,000

Issuance of common shares 147,000

Retirement of bonds payable 203,000

Ayayai prepares financial statements in accordance with ASPE.

Required - Determine Ayayai's free cash flow, assuming that it reported net cash provided by operating activities of $403,000. The purchase of land was for use.

Reference no: EM132702104

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