Reference no: EM13977854
The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,430,000, $146,000 in the common stock account and $2,710,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account and $3,010,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2014. The firm’s net capital spending for 2014 was $1,020,000, and the firm reduced its net working capital investment by $131,000. (Enter your answer as directed, but do not round intermediate calculations.)
What was the firm’s operating cash flow during 2014? (Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)
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: The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,430,000, $146,000 in the common stock account and $2,710,000 in the additional paid-in surplus account. The firm’s net capital spending for 2014 was $1,020,000, and the..
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