Mergers and Acquisitions – A beginners guide

Brown purchased land for a new factory on September 30, 2001 for $3,000,000, issuing a $2,000,000 note and paying the balance in cash. Using the definition of free cash flow as cash flow from operations less capital expenditures, Brown抯 free cash flow available to equity shareholders for 2001 is: A) $2,200,000. B) $200,000. C) $2,600,000. ................
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