Calculate the net cash provided by investing activities

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Cash flows from operating, investing, and financing activities-direct method The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2010 (amounts in millions):

Cash dividends declared and paid.

$ 340

Interest and taxes paid

90

Collections from customers

1,350

Payment of long-term debt

220

Purchase of land and buildings

170

Cash paid to suppliers and employees

810

Issuance of preferred stock

300

Proceeds from the sale of equipment

40

Required:

a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2010.

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: EM13535587

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