The following table shows cash flow data for Rocket Transport. Cash dividend $ 89,000 Purchase of bus
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Question:
The following table shows cash flow data for Rocket Transport.
| Cash dividend | $ | 89,000 | |
| Purchase of bus | $ | 51,000 | |
| Interest paid on debt | $ | 34,000 | |
| Sales of old equipment | $ | 81,000 | |
| Repurchase of stock | $ | 73,000 | |
| Cash payments to suppliers | $ | 104,000 | |
| Cash collections from customers | $ | 390,000 | |
a. Find the net cash provided by or used in investing activities.
b. Find the net cash provided by or used in financing activities. (Negative amount should be indicated by a minus sign.)
c. Find the net increase or decrease in cash for the year.
Expert Answer:
Sure The following table summarizes the cash flows for Rocket Transport Activity Cash Flow Cash divi... View the full answer
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