Free cash flow is used to help determine: I. the amount of cash that is generated from the business operations, including normal sales and normal costs, payments made to owners, and purchases of property.
II) the amount of cash that is available for extra activities that the firm may want to get involved in.
III) the amount of cash that is considered taxable for federal income taxes.
A) Option I only
B) Option II only
C) Options I and III
D) Options I and II.
Correct Answer:
Verified
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