Question
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2016 (amounts in millions): Depreciation and amortization expense$268Cash dividends
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2016 (amounts in millions):
Depreciation and amortization expense$268Cash dividends declared and paid322Purchase of equipment832Net income403Beginning cash balance106Proceeds of common stock issued149Proceeds from sale of building (at book value)215Accounts receivable increase8Ending cash balance62Inventory decrease43Accounts payable increase40
Required:
Complete the following statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in millions (i.e., 5,000,000 should be entered as 5.
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