Seaside Resort & Spa had an operating cash flow of $65,200. Depreciation was $8,400, and interest paid was $3,100. A net total of $4,200 was paid on long-term debt. The firm spent $30,500 on fixed assets and decreased net working capital by $1,750. What was the amount of the cash flow to stockholders?
Seaside Resort & Spa had an operating cash flow of $65,200. Depreciation was $8,400, and interest paid was $3,100. A net total of $4,200 was paid on long-term debt. The firm spent $30,500 on fixed assets and decreased net working capital by $1,750. What was the amount of the cash flow to stockholders?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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What was the amount of the cash flow to stockholders of this financial accounting question?

Transcribed Image Text:Seaside Resort & Spa had an operating cash flow of $65,200.
Depreciation was $8,400, and interest paid was $3,100.
A net total of $4,200 was paid on long-term debt.
The firm spent $30,500 on fixed assets and decreased net working
capital by $1,750.
What was the amount of the cash flow to stockholders?
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