The following information is available from Bromfield Co.s accounting records for the year ended December...
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Accounting
The following information is available from Bromfield Co.s accounting records for the year ended December 31, 2013 (amounts in millions): Cash dividends declared and paid $315 Interest and taxes paid 113 Collections from customers 1,337 Payment of long-term debt 209 Purchase of land and buildings 165 Cash paid to suppliers and employees 795 Issuance of preferred stock 310 Proceeds from the sale of equipment 57. Calculate the net increase (decrease) in cash for the year. (Enter your answer in millions. (i.e., 5,000,000 should be entered as 5))
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