CFA Level 1 Exam
Question No. 1
Use the following financial data on Enterprise:
a. Sale of equipment $32,000
b. Loss on equipment sale $9,000
c. Dividends paid $12,500
d. Purchase of an office suite $104,000
e. Common stock repurchase $45,000
f. Dividends received from investments $8,500
g. Interest received on Treasury bonds $1,200
h. Supplier accounts paid $3,700
i. Cash collection from customers $14,200
j. Ending cash balance $98,000
The operating cash flow for 1998 was ________.
Choose the correct option from the given list.
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