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Calculate the net increase in cash for the year

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Reference no: EM131619442

Problem - The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2016 (amounts in millions):

Cash dividends declared and paid           337

Interest and taxes paid                          92

Collections from customers                    1346

Payment of long-term debt                     215

Purchase of land and buildings                158

Cash paid to suppliers and employees     823

Issuance of preferred stock                    303

Proceeds from the sale of equipment       61

a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2016.

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.

Reference no: EM131619442

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