Lilly Inc. had the following transactions during 2024: Purc…
Lilly Inc. had the following transactions during 2024: Purchased land costing $10,000 cash. Purchased supplies costing $1,000 cash. Provided services to customers for $5,000. The customers paid at the time of service. Paid $2,000 dividends to shareholders. Issued stock for $8,000 cash. Sold a building for $15,000 cash. What was the effect of the above transactions on Operating cash flow? If increase – indicate with a positive number. If decrease – indicate with a minus sign “-“.
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