Cash collected from customers $785,400   Income taxes paid $58,300 Cash paid for interest 22,100   Payment of dividends 35,000 Cash paid to employees and other suppliers of goods and services 221,750   Principal payments on mortgage payable 60,000 Cash paid to suppliers of merchandise 395,540   Principal payments on long-term debt 22,000 Cash received from the issuance of long-term debt 40,000   Proceeds from the issuance of common stock 85,000 Cash received from disposal of equipment 42,500   Purchase of equipment 120,000 Cash received from sale of long-term investments 71,400   Purchase of long-term investments 75,800 Required: Use a minus sign to indicate any cash outflows: 1.  Using the information provided above, calculate the net cash provided (used) by operating activities. 2.  Using the information provided above, calculate the net cash provided (used) by investing activities. 3.  Using the information provided above, calculate the net cash provided (used) by financing

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The controller of Newstrom Software, Inc., provides the following information as the basis for a statement of cash flows:

Cash collected from customers $785,400   Income taxes paid $58,300
Cash paid for interest 22,100   Payment of dividends 35,000
Cash paid to employees and other suppliers of goods and services 221,750   Principal payments on mortgage payable 60,000
Cash paid to suppliers of merchandise 395,540   Principal payments on long-term debt 22,000
Cash received from the issuance of long-term debt 40,000   Proceeds from the issuance of common stock 85,000
Cash received from disposal of equipment 42,500   Purchase of equipment 120,000
Cash received from sale of long-term investments 71,400   Purchase of long-term investments 75,800

Required:

Use a minus sign to indicate any cash outflows:

1.  Using the information provided above, calculate the net cash provided (used) by operating activities.

2.  Using the information provided above, calculate the net cash provided (used) by investing activities.

3.  Using the information provided above, calculate the net cash provided (used) by financing activities.

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