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Problem - Use the following financial data of Hudson Corporation to answer the next two questions.
Cash Flows in 2018
Net Cash Flow from Operations $560,000
Interest Expense after tax $60,000
Net Increase in Cash Required for Liquidity $80,000
Net Increase in Capital Expenditures $240,000
Net Borrowing from Lenders $300,000
Required - What is Hudson's free cash flow for common equity shareholders in 2018?
On November 1, Skittles reissued 40 shares at P83 per share. Prepare Skittles' journal entries to record these transactions using the cost method.
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