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The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,430,000, S 146,000 in the common stock account, and $2,710, 000 in the additional paid - in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account and $3,010,000 in the additional paid - in surplus account. The 2022 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,020,000, and the firm reduced its net working

The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,430,000, S 146,000 in the common stock account, and $2,710, 000 in the additional paid - in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account and $3,010,000 in the additional paid - in surplus account. The 2022 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,020,000, and the firm reduced its net working

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,430,000, S 146,000 in the common stock account, and $2,710, 000 in the additional paid - in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account and $3, 010,000 in the additional paid - in surplus account. The 2022 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,020,000, and the firm reduced its net working capital investment by $131,000. What was the firm's 2022 operating cash flow, or OCF?
Transcribed Image Text:The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,430,000, S 146,000 in the common stock account, and $2,710, 000 in the additional paid - in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,640,000, $156,000 in the common stock account and $3, 010,000 in the additional paid - in surplus account. The 2022 income statement showed an interest expense of $97,000 and the company paid out $151,000 in cash dividends during 2022. The firm's net capital spending for 2022 was $1,020,000, and the firm reduced its net working capital investment by $131,000. What was the firm's 2022 operating cash flow, or OCF?
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