Description of this paper

Olympic inc had the following positive and negativ...

Description

Solution


Question

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.

 

Paper#4804 | Written in 18-Jul-2015

Price : $25
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