Question
Use the indirect method to answer questions a and b. The following information is available for Casey Company: Net income $300 Increase in plant and
Use the indirect method to answer questions a and b. The following information is available for Casey Company:
Net income $300 Increase in plant and equip. 190
Depreciation expense 100 Payment of dividends 25
Increase in accts. receivables. 30 Increase in long-term debt 100
Decrease in inventories 10 Decrease in accounts payable 20
a. Calculate cash flow from operating activities for Casey Company?
b. Calculate the cash from investing activities for Casey Company?
Please show steps of how to do this problem as well, that is where most help is needed.
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