The controller of Newstrom Software Inc. provides the following information as the basis for a statement of
Question:
Required:
1. Calculate the net cash provided (used) by operating activities.
2. Calculate the net cash provided (used) by investing activities.
3. Calculate the net cash provided (used) by financing activities.
Transcribed Image Text:
Cash collected from customers Cash paid for interest Cash paid to employees and other $785,400 22,100 Income taxes paid Payment of dividends Principal payments on mortgage $58,300 35,000 suppliers of goods and services 221,750 ble 60,000 Cash paid to suppliers of Cash received from the issuance of Cash received from disposal of Cash received from sale of long-ternm Principal payments on long-term Proceeds from the issuance of Purchase of equipment merchandise 395,540 debt 40,000 common stock 42,500 Purchase of long-term investments 22,000 long-term debt $ 85,000 120,000 75,800 equipment investments
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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