Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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What was the amount of the cash flow to stockholder's on these financial accounting question?

The Lakeside Inn had operating cash flow of $48,450. Depreciation was
$6,700 and interest paid was $2,480. A net total of $2,620 was paid on
long-term debt. The firm spent $24,000 on fixed assets and decreased
networking capital by $1,330. What was the amount of the cash flow to
stockholders?
A) $5,100
B) $7,830
C) $18,020
D) $19,998
E) $20,680
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Transcribed Image Text:The Lakeside Inn had operating cash flow of $48,450. Depreciation was $6,700 and interest paid was $2,480. A net total of $2,620 was paid on long-term debt. The firm spent $24,000 on fixed assets and decreased networking capital by $1,330. What was the amount of the cash flow to stockholders? A) $5,100 B) $7,830 C) $18,020 D) $19,998 E) $20,680
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