During the year, a company issues common stock for $100.000 and repays previously borrowed amounts of $75.000. In addition, the company collects $200,000 from customers, pays dividends of $10,000 to stockholden, pays the manager a salary of $75,000, pays landlord rent of $20,000 and pays interest of $7,000 to creditors, sells old equipment for $150.000 and land for $200,000 Determine the amount of operating cash flows the company would report in the current year
During the year, a company issues common stock for $100.000 and repays previously borrowed amounts of $75.000. In addition, the company collects $200,000 from customers, pays dividends of $10,000 to stockholden, pays the manager a salary of $75,000, pays landlord rent of $20,000 and pays interest of $7,000 to creditors, sells old equipment for $150.000 and land for $200,000 Determine the amount of operating cash flows the company would report in the current year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:During the year, a company issues common stock for $100.000 and repays previously borrowed amounts of $75.000. In
addition, the company collects $200,000 from customers, pays dividends of $10,000 to stockholders, pays the manager a salary
of $75,000, pays landlord rent of $20,000 and pays interest of $7,000 to creditors, sells old equipment for $150.000 and land
for $200,000
Determine the amount of operating cash flows the company would report in the current year
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