Question
5 (20 marks) Bridge Corporation had the following transactions during the current financial reporting period. Net Loss Depreciation Decrease in accounts receivable ($76,000) $16,000 $24,500
5 (20 marks) Bridge Corporation had the following transactions during the current financial reporting period. Net Loss Depreciation Decrease in accounts receivable ($76,000) $16,000 $24,500 Increase in inventories $12,800 Increase in accounts $32,000 payable Decrease in income taxes $31,500 payable Decrease in wages payable $16,500 Proceeds on Sale of $65,000 Equipment Repayment of bonds $49,000 Issuance of Common shares Proceeds on sale of land $21,000 $57,000 Loss on sale of land Payment of dividends $16,000 $20,000 Required: Determine the cashflow for Operating, Financing and Investing activities for the company and calculate the net change in cash
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