You are an accountant for a medium-sized retail store. The store manager has requested the operating cash flow for the most recent quarter. After reviewing the financial documents, you find that the company's earnings before taxes and interest were $345,000, depreciation expenses were $8,500, and they paid estimated taxes of $35,000. No amortization expenses were recorded. What is the operating cash flow for the quarter? Explain your answer.
You are an accountant for a medium-sized retail store. The store manager has requested the operating cash flow for the most recent quarter. After reviewing the financial documents, you find that the company's earnings before taxes and interest were $345,000, depreciation expenses were $8,500, and they paid estimated taxes of $35,000. No amortization expenses were recorded. What is the operating cash flow for the quarter? Explain your answer.
Chapter6: Business Expenses
Section: Chapter Questions
Problem 43P
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Transcribed Image Text:You are an accountant for a medium-sized retail store. The store manager has
requested the operating cash flow for the most recent quarter. After reviewing the
financial documents, you find that the company's earnings before taxes and interest
were $345,000, depreciation expenses were $8,500, and they paid estimated taxes
of $35,000. No amortization expenses were recorded. What is the operating cash
flow for the quarter? Explain your answer.
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