Cilca Corporation is a supplier to the pulp and paper industry.Selected financial information about Cilca is listed below:
· Purchased real estate for $440,000 in cash.The cash was borrowed from a bank.
· Sold investments for $400,000.
· Paid dividends of $480,000.
· Issued shares of common stock for $200,000.
· Purchased machinery and equipment for $100,000 cash.
· Paid $360,000 on a bank loan.
· Reduced accounts receivable by $80,000.
· Increased accounts payable $160,000.
Use the above information to calculate Cilca's:
a.cash used or provided by investing activities
b.cash used or provided by financing activities

Question

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The Answer of Cilca Corporation is a supplier to the pulp and paper industry.Selected financial information about Cilca is listed below:
· Purchased real estate for $440,000 in cash.The cash was borrowed from a bank.
· Sold investments for $400,000.
· Paid dividends of $480,000.
· Issued shares of common stock for $200,000.
· Purchased machinery and equipment for $100,000 cash.
· Paid $360,000 on a bank loan.
· Reduced accounts receivable by $80,000.
· Increased accounts payable $160,000.
Use the above information to calculate Cilca's:
a.cash used or provided by investing activities
b.cash used or provided by financing activities

Cilca Corporation Is a Supplier to the Pulp and Paper