I am having difficulty working through this question or really where to begin -- The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,450,000, $150,000 in the common stock account, and $2,750,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed long-term debt of $1,680,000, $160,000 in the common stock account and $3,050,000 in the additional paid-in surplus account. The 2019 income statement showed an interest expense of $99,000 and the company paid out $155,000 in cash dividends during 2019. The firm’s net capital spending for 2019 was $1,060,000, and the firm reduced its net working capital investment by $135,000. What is firms 2019 operating cash flow or OFC?
I am having difficulty working through this question or really where to begin --
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The December 31, 2018, What is firms 2019 operating |
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