Cilca Corporation is a supplier to the pulp and paper industry. Selected financial information about Cilca is
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Cilca Corporation is a supplier to the pulp and paper industry. Selected financial information about Cilca is listed below:
Purchased real estate for $ in cash. The cash was borrowed from a bank.
Sold investments for $
Paid dividends of $
Issued shares of common stock for $
Purchased machinery and equipment for $ cash.
Paid $ on a bank loan.
Reduced accounts receivable by $
Increased accounts payable $ Sales for the period were $
Use the above information to calculate Cilcas:
a cash used or provided by operating activities: $show computation and details
b cash used or provided by financing activities: $show computation and details
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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