Question
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,410,000, $142,000 in the common stock account and $2,670,000 in the additional
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,410,000, $142,000 in the common stock account and $2,670,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,600,000, $152,000 in the common stock account and $2,970,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $95,000 and the company paid out $147,000 in cash dividends during 2014. The firms net capital spending for 2014 was $980,000, and the firm reduced its net working capital investment by $127,000. (Enter your answer as directed, but do not round intermediate calculations.) |
What was the firms operating cash flow during 2014? |
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