Business, 20.06.2020 22:57 ritahastie2896
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,460,000, $152,000 in the common stock account, and $2,770,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,700,000, $162,000 in the common stock account, and $3,070,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $100,000 and the company paid out $157,000 in cash dividends during 2016. The firm’s net capital spending for 2016 was $1,080,000, and the firm reduced its net working capital investment by $137,000. what is the firms ocf?
Answers: 1
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Business, 22.06.2019 17:30
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The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,460,000, $152,000...
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