Question: pls solved!!!! QUESTION 1 Presented here are cash flows (in $ Millions) for Abu Dhabi Corporation's most recent fiscal year: Cash received from: Customers Interest

QUESTION 1 Presented here are cash flows (in $ Millions) for Abu Dhabi Corporation's most recent fiscal year: Cash received from: Customers Interest on investments Sale of investments Sale of company's capital stock Issuance of debt securities $3800 700 3800 420 2500 Cash paid for: Interest on debt Income tax Principal payments on debt Purchase of land Payments to vendors Dividends on capital stock Operating expenses $355 150 1300 1100 1400 400 780 Cash flows from financing activities are O -$1280 $1070 $1920 $1220 Presented below are the comparative December 31 financial statements for Dubai Industries, Inc. (in Millions). Prepare a statement of cash flows for December 31, Year 2 using the indirect method Dubai Industries, Inc Balance Sheets At December 31. Year 2 and Year 1 Year 2 Year 1 Cash $96,719 $28,694 Accounts Receivable 100,000 85313 Inventory 206,250 181.250 Prepaid Insurance 1.875 2.300 Land, Buildings, and Equipment 1.562,500 1.406,250 Accumulated Depreciation (762,500) (715.000) Investments 19.375 106.250 Total Assets $1.224.219 $1.095.256 Accounts Payable $95,425 S185.838 Salaries Payable 25.000 30.625 Notes Payable 31,250 93.750 Bonds Payable 250,000 Common Stock 375.000 375.000 Retained Earnings 447.544 410,044 $1.224.219 51.095,256 Additional information for Year 2 (1) Sold available for sale securities costing 86,875 for $92.500 (2) Equipment costing $25.000 with a book value of 56,250 was sold for 57.500 (3) Issued 8% boods at face value for $250.000 (4) Purchased new equipment for $181,250 and paid cash. (5) Paid cash dividends of $25.000 (6) Net income was 562 500 What is the net cash provided or used by operating activities? 13225 O (13225) 90413 (90413) All Anunto se all answers
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
