Question - 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.