Net Income $3,400,000
Depreciation Expense 550,000
Loss on Sale of Plant Assets 30,000
Interest Expense 5,000
Balance Sheet – 12/31/17: Increase (Decrease)
Accounts Payable decrease 50,000
Plant Assets – Purchased 250,000
Plant Assets – Disposals (100,000)
Common Stock exchanged for outstanding Long Term Notes Payable of $125,000
Dividends paid were $30,000
Use this information to determine Towson Company’s Net Cash Flows from Operating Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ).
Hi there! Click one of our representatives below and we will get back to you as soon as possible.