Authentic Exposure Company had the following transactions that took place during the year:
I) Paid amount owing to suppliers $2,750.
II) Purchased new equipment for $5,000 by signing a long-term note payable.
III) Purchased a patent and paid $15,000 cash for the asset.
How what is the total effect of these transactions on free cash flow?

Question

Quizplus · Accepted Answer

The Answer of Authentic Exposure Company had the following transactions that took place during the year:
I) Paid amount owing to suppliers $2,750.
II) Purchased new equipment for $5,000 by signing a long-term note payable.
III) Purchased a patent and paid $15,000 cash for the asset.
How what is the total effect of these transactions on free cash flow?

Authentic Exposure Company Had the Following Transactions That Took Place