The Lakeside Inn Had Operating Cash Flow of $48,450

question 64

Multiple Choice

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 net working capital by $1,330.What is 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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