Question
Manatee Gear reported net cash provided by operating activities of $209,600, cash paid for dividends of $24,000, cash received from stock issuance of $54,000,
Manatee Gear reported net cash provided by operating activities of $209,600, cash paid for dividends of $24,000, cash received from stock issuance of $54,000, cash paid for equipment purchases of $128,000, cash received from bank loan advances of $14,000, and cash paid for intangible assets of $14,000. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Net increase (decrease) in cash.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 2
1119048540, 978-1119048541
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