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. 

 

    • 9 years ago
    Olympic inc
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