Question: The December 3 1 , 2 0 2 1 , balance sheet of Chen, Incorporated, showed long - term debt of $ 1 , 3

The December 31,2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,390,000,$138,000 in the common stock account, and $2,630,000 in the additional paid-in surplus account. The December 31,2022, balance sheet showed long-term debt of $1,560,000,$148,000 in the common stock account and $2,930,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $93,000 and the company paid out $143,000in cash dividends during 2022. The firm's net capital spending for 2022 was $940,000, and the firm reduced its net working capital investment by $123,000. What was the firm's 2022 operating cash flow, or OCF?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
Operating cash flow
 The December 31,2021, balance sheet of Chen, Incorporated, showed long-term debt

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!