Question
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,380,000, $136,000 in the common stock account and $2,610,000 in the additional
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,380,000, $136,000 in the common stock account and $2,610,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,540,000, $146,000 in the common stock account and $2,910,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $92,000 and the company paid out $141,000 in cash dividends during 2014. The firms net capital spending for 2014 was $920,000, and the firm reduced its net working capital investment by $121,000. (Enter your answer as directed, but do not round intermediate calculations.) |
What was the firms operating cash flow during 2014? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) |
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