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Problem 9-25 (Algo) Cash flows from operating, investing, and financing activities-direct method LO 10 The following information is available from Bromfield Co.'s accounting records for
Problem 9-25 (Algo) Cash flows from operating, investing, and financing activities-direct method LO 10 The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment $ 321 83 1,348 214 162 807 304 46 Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2019. b. Calculate the net cash provided (used) by investing activities. c. Calculate the net cash provided (used) by financing activities. d. Calculate the net increase (decrease) in cash for the year. (For all requirements, enter your answer in millions. (i.e., 5,000,000 should be entered as 5)) a. Net cash Net cash Net cash Net by/for operating activities by/for investing activities by/for financing activities in cash for the year million million million million
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