Manatee Gear reported net cash provided by operating activities of $209,600, cash paid for dividends of...
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Manatee Gear reported net cash provided by operating activities of $209,600, cash paid for dividends of $24,000, cash received from stock issuance of $54,000, cash paid for equipment purchases of $128,000, cash received from bank loan advances of $14,000, and cash paid for intangible assets of $14,000. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Net increase (decrease) in cash. Manatee Gear reported net cash provided by operating activities of $209,600, cash paid for dividends of $24,000, cash received from stock issuance of $54,000, cash paid for equipment purchases of $128,000, cash received from bank loan advances of $14,000, and cash paid for intangible assets of $14,000. Required: Calculate the following: 1. Net cash provided by (used in) investing activities. 2. Net cash provided by (used in) financing activities. 3. Net increase (decrease) in cash.
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Related Book For
Intermediate Accounting
ISBN: 978-1119048541
11th Canadian edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
Posted Date:
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