Suggett Corporation's net cash provided by operating activities was $34; its income taxes were $12; its capital expenditures were $24; and its cash dividends were $7. The company's free cash flow was:

A) $(19)
B) $77
C) $3
D) $15

Free Cash Flow

Free cash flow is the amount of cash a company generates after accounting for capital expenditures, indicating the financial flexibility of the business.

Operating Activities

Operating activities relate to the core business functions of a company, including production, sales, and distribution, and their impact on the company's cash flow.

Capital Expenditures

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, or equipment.