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PLEASE ANSWER # 12 and show work please. The December 31, 2015, balance sheet of Schism. Inc., showed long-term debt of $1,410,000, and the December
PLEASE ANSWER # 12 and show work please.
The December 31, 2015, balance sheet of Schism. Inc., showed long-term debt of $1,410,000, and the December 31, 2016, balance sheet showed long-term debt of $1,551,000. The 2016 income statement showed an interest expense of $102,800. What was the firm's cash flow to creditors during 2016? The December 31, 2015, balance sheet of Schism, Inc., showed $130,000 in the common stock account and $2,332,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed $148,000 and $2,618,000 in the same two accounts, respectively. If the company paid out $148,500 in cash dividends during 2016, what was the cash flow to stockholders for the year? Given the information for Schism, Inc., in Problems 10 and 11, suppose you also know that the firm's net capital spending for 2016 was $705,000, and that the firm reduced its net working capital investment by $115,000. What was the firm's 2016 operating cash" flow, or OCFStep by Step Solution
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