How the income statement showed an interest expense, Accounting Basics

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How the income statement showed an interest expense

The 2009 balance sheet of Maria's Tennis Shop, Inc., showed $3.8 million in long-term debt, $762,600 in the common stock account, and $6.8 million in the additional paid-in surplus account. The 2010 balance sheet showed $4.1 million, $837,900, and $7.22 million in the same three accounts, respectively. The 2010 income statement showed an interest expense of $340,000. The company paid out $400,000 in cash dividends during 2010.If the firm's net capital spending for 2010 was $770,000, and the firm reduced its net working capital investment by $160,000, the firm's 2010 operating cash flow, or OCF, is?

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Accounting Basics: How the income statement showed an interest expense

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The 2009 balance sheet of Maria's Tennis Shop, Inc., showed $3.8 million in long-term debt, $762,600 in the common stock account, and $6.8 million in the additional paid-in surplus account.

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Accounting Basics: How the income statement showed an interest expense

Reference No:- TGS0698596

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Compute the impedance of a series r-l-c circuit

Q : Why the indirect material costs are recorded

Q : Compute the reactance

Q : Write the advantages and disadvantages of sumpner-s test

Q : How the income statement showed an interest expense

Q : Magnitude of the angular acceleration of the grindstone

Q : Explain why warner might want to allocate security

Q : Find the covariance between male and female earnings

Q : Find the capacitance per unit length of the cable

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How the income statement showed an interest expense

Reference No:- TGS0698596

Recent Questions Asked Accounting Basics

Q : Compute the impedance of a series r-l-c circuit

Q : Why the indirect material costs are recorded

Q : Compute the reactance

Q : Write the advantages and disadvantages of sumpner-s test

Q : How the income statement showed an interest expense

Q : Magnitude of the angular acceleration of the grindstone

Q : Explain why warner might want to allocate security

Q : Find the covariance between male and female earnings

Q : Find the capacitance per unit length of the cable

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