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10 July, 20:40

The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2013 (amounts in millions):

Cash dividends declared and paid $ 340

Interest and taxes paid 105

Collections from customers 1,339

Payment of long-term debt 216

Purchase of land and buildings 166

Cash paid to suppliers and employees 793

Issuance of preferred stock 314

Proceeds from the sale of equipment 43

Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2013.

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  1. 10 July, 20:51
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    The net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2013 is $441

    Explanation:

    The computation of the net cash provided (used) by operating activities is shown below:

    Cash flow from Operating activities

    Collections from customers $1,339

    Less: Cash paid to suppliers and employees - $793

    Less: Interest and taxes paid - $105

    Net Cash flow from Operating activities $441

    All other information is related to the investing activity and the financing activity. Hence, ignored it
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