The december 31 2009 balance sheet of schism inc showed, Ask an Expert

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The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $1.415 million, $143,000 in the common stock account and $2.68 million in the additional paid-in surplus account. The December 31, 2010, balance sheet showed long-term debt of $1.61 million, $153,000 in the common stock account and $2.98 million in the additional paid-in surplus account. The 2010 income statement showed an interest expense of $95,500 and the company paid out $148,000 in cash dividends during 2010. The firm's net capital spending for 2010 was $990,000, and the firm reduced its net working capital investment by $128,000.

Required:What was the firm's operating cash flow during 2010?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9982167

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