FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Jetson Spacecraft Corp shows the following information on its 2016 income statement. Sales Costs Other Expenses $196,000 $104,000 $6,800 Depreciation Expenses $9,100 Interest Expenses Taxes $14,800 $21,455 $10,400 Dividends In addition, you are told that that the firm has issued $5,700 in new equity during 2016 and redeemed $7,300 in outstanding long-term debt. a) What is the 2016 operating cash flow of the company? b) What is the 2016 cash flow to creditors?
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Transcribed Image Text:Jetson Spacecraft Corp shows the following information on its 2016 income statement. Sales Costs Other Expenses $196,000 $104,000 $6,800 Depreciation Expenses $9,100 Interest Expenses Taxes $14,800 $21,455 $10,400 Dividends In addition, you are told that that the firm has issued $5,700 in new equity during 2016 and redeemed $7,300 in outstanding long-term debt. a) What is the 2016 operating cash flow of the company? b) What is the 2016 cash flow to creditors?
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