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The following table shows cash flow data for Rocket Transport. Cash dividend $ 84,000 Purchase of...

The following table shows cash flow data for Rocket Transport. Cash dividend $ 84,000 Purchase of bus $ 41,000 Interest paid on debt $ 29,000 Sales of old equipment $ 76,000 Repurchase of stock $ 63,000 Cash payments to suppliers $ 99,000 Cash collections from customers $ 340,000

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 from financing.

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Answer #1
Particulars Investing Financing
Cash dividend             (84,000)
Bus             (41,000)
Interest             (29,000)
Sale of equipment              76,000
Stock purchase -63000
Net              35,000           (176,000)

a

35,000

b

Cash used in financing 176,000

c

Net decrease in cash due to financing 176,000

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