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The December 31 2015 balance sheet of Schism Inc showed long term debt of $1420000 $144000 in the common stock account and $2690000 in the additional paid in surplus account The December

The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,420,000, $144,000 in the common stock account, and $2,690,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed long-term debt of $1,620,000, $154,000 in the common stock account, and $2,990,000 in the additional paid-in surplus account. The 2016 income statement showed an interest expense of $96,000 and the company paid out $149,000 in cash dividends during 2016. The firm’s net capital spending for 2016 was $1,000,000, and the firm reduced its net working capital investment by $129,000.
  
What was the firm's 2016 operating cash flow, or OCF? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Apr 09 2020 Read more Less More

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