accounting!!
Question # 00002372
Posted By:
Updated on: 10/16/2013 06:37 PM Due on: 10/18/2013
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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Rating:
/5
Solution: accounting!!!!!!!!!!!!