Question
please check carefully over your work on this problem, 3 experts have gotten the answer wrong. thank you. The December 31, 2013, balance sheet of
please check carefully over your work on this problem, 3 experts have gotten the answer wrong. thank you.
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,415,000, $143,000 in the common stock account and $2,680,000 in the additional paid-in surplus account.
The December 31, 2014, balance sheet showed long-term debt of $1,610,000, $153,000 in the common stock account and $2,980,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $95,500 and the company paid out $148,000 in cash dividends during 2014.
The firms net capital spending for 2014 was $990,000, and the firm reduced its net working capital investment by $128,000. (Enter your answer as directed, but do not round intermediate calculations.)
Required: |
What was the firms operating cash flow during 2014? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) |
Operating cash flow | $ |
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