The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,415,000,…


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The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,415,000,… 1 answer below » View complete question » The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,415,000, $143,000 in the common stock account and $2,680,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,610,000, $153,000 in the common stock account and $2,980,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $95,500 and the company paid out $148,000 in cash dividends during 2014. The firm’s net capital spending for 2014 was $990,000, and the firm reduced its net working capital investment by $1 The December 31, 2013, balance sheet of Schism, Inc., showed long-term debt of $1,415,000, $143,000 in the common stock account and $2,680,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed long-term debt of $1,610,000, $153,000 in the common stock account and $2,980,000 in the additional paid-in surplus account. The 2014 income statement showed an interest expense of $95,500 and the company paid out $148,000 in cash dividends during 2014. The firm’s net capital spending for 2014 was $990,000, and the firm reduced its net working capital investment by $128,000. (Enter your answer as directed, but do not round intermediate calculations.) View less » Sep 06 2015 11:21 PM

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