Determine the amount of cash used for operating activities, Accounting Basics

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Determine the amount of cash used for operating activities

Olympic inc had the following positive and negative cash flows during the current year

Positive Cash Flows:
Recieved from Customers - $240,000
Interest & Dividends - $50,000
Sale of plant assets - $330,000

Negative Cash Flows
Paid to suppliers and employees - $127,000
Purchase of Investments - $45,000
Purchase of treasury stock - $36,000

Determine the amount of cash used for or provided by for operating activities by the direct method.

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Accounting Basics: Determine the amount of cash used for operating activities

Reference No:- TGS055921

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Accounting Basics: Determine the amount of cash used for operating activities

Reference No:- TGS055921

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Recent Questions Asked Accounting Basics

Q : Calculate balance in retained earnings at the time change

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Determine the amount of cash used for operating activities

Reference No:- TGS055921

Recent Questions Asked Accounting Basics

Q : Calculate balance in retained earnings at the time change

Q : What is the activity variance for revenue

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