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.
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