Daily Planet News Corp has sales of $241,000, depreciation of $32,200, interest expense of $35,700, costs...
Daily Planet News Corp has sales of $241,000, depreciation of $32,200, interest expense of $35,700, costs of $103,400, and taxes of $14,637. What is the operating cash flow for the year?
A. $108,229 B. $117,766 C. $121,367 D. $122,963 E. $128,037
Homework Answers
A Cash flow statement provides the following information:
1) Information about company's cash receipt and cash payment during
an accounting period.
2) Information about company's operating, investing and financing
activities.
3) Information access the company's liquidity, solvency and
financing flexibility.
Cash flow from operating activities (CFO), consists of the inflows and outflows of cash resulting from revenue and expense transactions that affect a firm's net income.
Cash flow from investing activities (CFI) consists of the inflow and outflows of cash resulting from the acquisition of long term assets and investment.
Cash Flow from financing activities (CFF) consists of the inflow and outflows of cash resulting from transactions affecting a firm's capital structure.
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