Computing free cash flow [5 min]
Cooper Lopez Company expects the following for 2012:
• Net cash provided by operating activities of $158,000.
• Net cash provided by financing activities of $60,000.
• Net cash used for investing activities of $80,000 (no sales of long-term assets).
• Cash dividends paid to shareholders was $10,000.
Requirement
1. How much free cash flow does Lopez expect for 2012?
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