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accounting!!

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Question;Olympic inc had the following positive and negative cash flows during the current yearPositive Cash Flows:Recieved from Customers - $240,000Interest & Dividends - $50,000Sale of plant assets - $330,000Negative Cash FlowsPaid to suppliers and employees - $127,000Purchase of Investments - $45,000Purchase of treasury stock - $36,000Determine the amount of cash used for or provided by for operating activities by the direct method.

 

Paper#45319 | Written in 18-Jul-2015

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