### Cash flows from operating-investing and financing activities

Assignment Help Accounting Basics
##### Reference no: EM1362818

The following information is available from Gray Co.'s accounting records for the year ended December 31, 2010 (amounts in million):

Cash dividends declared and paid - \$350

Retirement of bonds payable at maturity - \$200

Interest and taxes paid - \$150

Proceeds of common stock issued - \$550

Proceeds from the sale of land - \$125

Collections from customers - \$3,175

Cash paid to suppliers and employees - ?

Purchase of buildings and equipment - ?

Required:

a) The net cash provided by operating activates for Gray Co. for the year ended December 31, 2010, is \$1,225 million. Calculate the cash paid to suppliers and employees.

b) The increase in cash for the year was \$250 million. Calculate the amount of cash used to purchase buildings and equipment. Answer to part (a) should be considered in your calculation. (Hint: Set up a model of the statement of cash flows to determine the net cash provided (used) by operating and investing activities, and then solve for the missing amounts.)

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