Mississauga Mining Co. made a net income of $25 million in 2020, after the deduction of amortization expense of $8 million, interest of $5 million and taxes of $10 million. During 2020, it sold mining equipment for $2 million and bought a new computer system for $3 million. During 2020, it issued new shares for $15 million and used the proceeds to repay loans of $10 million; the remainder went into the bank's current account. The change in cash was __________ ($ million).

Question 5 options:

	$25 (increase)
	$37 (increase)
	$ 5 (decrease)
	None of these
	$21 (increase)

Question 6 (2 points)

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Mississauga Mining Co. made a net income of $25 million in 2020, after the deduction of amortization expense of $8 million, interest of $5 million and taxes of $10 million. During 2020, it sold mining equipment for $2 million and bought a new computer system for $3 million. During 2020, it issued new shares for $15 million and used the proceeds to repay loans of $10 million, the remainder went into the bank's current account. The cash from operations was __________ ($ million).

Question 6 options:

	$33
	None of these
	$25
	$17
	$27

Question 7 (2 points)

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Digman Co. had retained earnings of $400,000 and $50,000 in cash on January 1st. It made a net income of $300,000 in the year. Amortization/depreciation expense was $250,000. Digman Co. issued additional common shares for $500,000 and borrowed $600,000 from the Bank of Toyland. It bought new plant and equipment at a cost of $1,000,000 and sold some unused land for $400,000. The change in cash balance for the year was __________.

Question 7 options:

	None of these
	$1,050,000
	$ 50,000
	$1,100,000
	$1,000,000