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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 paid
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 | $ | 329 | |
Interest and taxes paid | 68 | ||
Collections from customers | 1,332 | ||
Payment of long-term debt | 212 | ||
Purchase of land and buildings | 160 | ||
Cash paid to suppliers and employees | 835 | ||
Issuance of preferred stock | 311 | ||
Proceeds from the sale of equipment | 53 | ||
Required:
- Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2019.
- Calculate the net cash provided (used) by investing activities.
- Calculate the net cash provided (used) by financing activities.
- Calculate the net increase (decrease) in cash for the year.
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