Question
Trentman Associates reported net cash provided by operating activities of $215,600, cash paid for dividends of $26,500, cash received from stock issuance of $56,500,
Trentman Associates reported net cash provided by operating activities of $215,600, cash paid for dividends of $26,500, cash received from stock issuance of $56,500, cash paid for equipment purchases of $133,000, cash received from bank loan advances of $16,500, and cash paid for intangible assets of $16,500. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Net increase (decrease) in cash. 4. Free cash flow.
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Understanding Financial Accounting
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
1st Canadian Edition
1118849388, 9781119048572, 978-1118849385
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