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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