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Calculate the net cash provided by operating activities

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Reference no: EM133077062

Question - The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions):

Cash dividends declared and paid $321

Interest and taxes paid 105

Collections from customers 1,340

Payment of long-term debt 213

Purchase of land and buildings 148

Cash paid to suppliers and employees 797

Issuance of preferred stock 312

Proceeds from the sale of equipment 58

Required -

1. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2019.

2. Calculate the net cash provided (used) by investing activities.

3. Calculate the net cash provided (used) by financing activities.

4. Calculate the net increase (decrease) in cash for the year.

Reference no: EM133077062

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