During 2010, Klugman Industries reported cash provided by operations of $690,000, cash used in investing of $1,029,000, and cash used in financing of $135,000. In addition, cash spent for fixed assets during the period was $414,000. No dividends were paid. Based on this information, what was Klugman's free cash flow?
A) ($339,000)
B) $1,440,000
C) $276,000
D) ($888,000)
Correct Answer:
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