Question
Weiland Co. shows the following information on its 2020 income statement: sales = $100; costs = $70; other expenses = $5; depreciation expense = $3;
Weiland Co. shows the following information on its 2020 income statement:
sales = $100;
costs = $70;
other expenses = $5;
depreciation expense = $3;
interest expense = $2;
taxes at 10%;
dividends = $2.
In addition, youre told that the firm issued $20 in new equity during 2020 and redeemed $40 in outstanding long-term debt.
What is the 2020 operating cash flow?
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
