Question
The following table shows cash flow data for Rocket Transport. Cash dividend $ 92,000 Purchase of bus $ 57,000 Interest paid on debt $ 37,000
The following table shows cash flow data for Rocket Transport.
| Cash dividend | $ | 92,000 | |
| Purchase of bus | $ | 57,000 | |
| Interest paid on debt | $ | 37,000 | |
| Sales of old equipment | $ | 84,000 | |
| Repurchase of stock | $ | 79,000 | |
| Cash payments to suppliers | $ | 107,000 | |
| Cash collections from customers | $ | 420,000 | |
a. Find the net cash provided by or used in investing activities.
b. Find the net cash provided by or used in financing activities. (Negative amount should be indicated by a minus sign.)
c. Find the net increase or decrease in cash for the year.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
