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, 2016 (amounts in millions):
| Cash dividends declared and paid | $ | 331 | |
| Interest and taxes paid | 104 | ||
| Collections from customers | 1,331 | ||
| Payment of long-term debt | 211 | ||
| Purchase of land and buildings | 166 | ||
| Cash paid to suppliers and employees | 797 | ||
| Issuance of preferred stock | 316 | ||
| Proceeds from the sale of equipment | 50 | ||
Required:
a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year ended December 31, 2016. (Enter your answer in millions. (i.e., 5,000,000 should be entered as 5))
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b. Calculate the net cash provided (used) by investing activities.(Enter your answer in millions. (i.e., 5,000,000 should be entered as 5))
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