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QUESTION 47
During 2016, Harvey Industries reported net cash provided by operating activities of $670,000, cash used used by investing activities of $1,039,000, and cash used
by financing activities of $145.000. In addition, cash spent for fixed assets (capital expenditures) during the period was $404.000. No dividends were paid. Based on
this information, what was Harvey's free cash flow?
($369,000)
$266.000
$1,450,000
($918,000)
QUESTION 48
Depletion is
the amount of spoilage that occurs when natural resources are extracted.
a decrease in market value of natural resources.
the method used to record unsuccessful patents.
the allocation of the cost of natural resources to expense.