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Anderson's Home Supplies has compiled the following financial information for the year: Item Amount Sales $450,000 Interest paid $23,500 Long-term debt $265,000 Owner's equity $225,000 Depreciation $27,200 Accounts receivable $28,000 Other costs $42,500 Inventory $45,300 Accounts payable $26,200 Cost of goods sold $240,000 Cash $18,500 $37,000 Taxes What is the operating cash flow (OCF) for the year? A) $98,000 B) $105,200 C) $157,700 D) $101,500

Anderson's Home Supplies has compiled the following financial information for the year: Item Amount Sales $450,000 Interest paid $23,500 Long-term debt $265,000 Owner's equity $225,000 Depreciation $27,200 Accounts receivable $28,000 Other costs $42,500 Inventory $45,300 Accounts payable $26,200 Cost of goods sold $240,000 Cash $18,500 $37,000 Taxes What is the operating cash flow (OCF) for the year? A) $98,000 B) $105,200 C) $157,700 D) $101,500

SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter22: S Corporations
Section: Chapter Questions
Problem 16CE
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What is the operating cash flow for the year on these financial accounting question?

Anderson's Home Supplies has compiled the following financial information for the year: Item Amount Sales $450,000 Interest paid $23,500 Long-term debt $265,000 Owner's equity $225,000 Depreciation $27,200 Accounts receivable $28,000 Other costs $42,500 Inventory $45,300 Accounts payable $26,200 Cost of goods sold $240,000 Cash $18,500 $37,000 Taxes What is the operating cash flow (OCF) for the year? A) $98,000 B) $105,200 C) $157,700 D) $101,500
Transcribed Image Text:Anderson's Home Supplies has compiled the following financial information for the year: Item Amount Sales $450,000 Interest paid $23,500 Long-term debt $265,000 Owner's equity $225,000 Depreciation $27,200 Accounts receivable $28,000 Other costs $42,500 Inventory $45,300 Accounts payable $26,200 Cost of goods sold $240,000 Cash $18,500 $37,000 Taxes What is the operating cash flow (OCF) for the year? A) $98,000 B) $105,200 C) $157,700 D) $101,500
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