Concept Introduction:
Cash flow from operating activities: The
Requirement 1a:
To calculate:
The cash paid to suppliers and employees of Gray Co. for the year ended December 31st, 2016.
Concept Introduction:
Cash flow from investing activities: The cash inflows or outflows resulting from the gains or losses from investment and changes arising from the amount spent on acquisition of capital assets refers to cash flows from investing activities.
Requirement 1b:
To calculate:
The amount of cash used by Gray Co. to purchase buildings and equipment for the year ended December 31st, 2016.
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