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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
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 $ 316 Interest and taxes paid 110 Collections from customers 1,335 Payment of long-term debt 197 Purchase of land and buildings 148 Cash paid to suppliers and employees 810 Issuance of preferred stock Proceeds from the sale of equipment 309 57 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 provided by/for operating activities million b. Net cash used by/for investing activities million C. Net cash provided by/for financing activities million d. Net cash for the year million provided used
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