The december 31 2009 balance sheet of schism inc showed

Assignment Help Accounting Basics
Reference no: EM13581964

The December 31, 2009, balance sheet of Schism, Inc., showed long-term debt of $1.450 million, $150,000 in the common stock account and $2.75 million in the additional paid-in surplus account. The December 31, 2010, balance sheet showed long-term debt of $1.68 million, $160,000 in the common stock account and $3.05 million in the additional paid-in surplus account. The 2010 income statement showed an interest expense of $99,000 and the company paid out $155,000 in cash dividends during 2010. The firm's net capital spending for 2010 was $1,060,000, and the firm reduced its net working capital investment by $135,000.

What was the firm's operating cash flow during 2010?

Reference no: EM13581964

Questions Cloud

Explain the terms u201cquality of earningsu201d and discuss : explain the terms u201cquality of earningsu201d and discuss how management can influence earnings legally. explain
Solve the congruence 2x 5 mod11 find f4 if f is defined : 1.solve the congruence 2x 5 mod11a.5b.6c.7d.82.find f4 if f is defined recursively by f0 f1 1 and for n gt
Stanton co produces and sells two lines of t-shirts deluxe : stanton co. produces and sells two lines of t-shirts deluxe and mega. stanton provides the following data. compute the
A sea divers suit has a thickness of 5 mm and is made of a : a sea divers suit has a thickness of 5 mm and is made of a material with thermal conductivitynbspof 0.05 wmk. if the
The december 31 2009 balance sheet of schism inc showed : the december 31 2009 balance sheet of schism inc. showed long-term debt of 1.450 million 150000 in the common stock
What is the physical interpretation of compressibility : use the van der waals equation to plot the compressibility factor z against pressure p for methane for temperatures t
Ferris wares is a division of a major corporation the : 1. ferris wares is a division of a major corporation. the following data are for the latest year of
Since the start of development work on the wireless wizard : johnson and gomez inc. is a small firm involved in the production and sale of electronic business products. the company
Compute the followingamean bmedian cmode : question3.1 3.7 3.2 4.0 3.1 4.1 3.7 3.8 3.7 3.4 3.5 3.7 3.9 3.2 3.7 3.6 3.8 3.5 3.7 3.6 4.1 3.3 3.2 3.8 3.8 3.5 3.8 4.0

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd