Reference no: EM131016106
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,400,000, $140,000 in the common stock account and $2,650,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,580,000, $150,000 in the common stock account and $2,950,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $94,000 and the company paid out $145,000 in cash dividends during 2014. The firm’s net capital spending for 2014 was $960,000, and the firm reduced its net working capital investment by $125,000. (Enter your answer as directed, but do not round intermediate calculations.) Required: What was the firm’s operating cash flow during 2014?
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What was the firms operating cash flow
: The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,400,000, $140,000 in the common stock account and $2,650,000 in the additional paid-in surplus account. What was the firm’s operating cash flow during 2014?
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