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E22.16 (LO 1, 2) (Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Brown Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Inventory Prepaid expenses Land Accounts payable 2025 muund $ 30,000 2024 $ 35,000 55,000 45,000 Equipment Accumulated depreciation (18,000) (8,000) -equipment 65,000 45,000 15,000 25,000 90,000 75,000 $ 65,000 70,000 40,000 $307,000 $257,000 $ 52,000

E22.16 (LO 1, 2) (Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Brown Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Inventory Prepaid expenses Land Accounts payable 2025 muund $ 30,000 2024 $ 35,000 55,000 45,000 Equipment Accumulated depreciation (18,000) (8,000) -equipment 65,000 45,000 15,000 25,000 90,000 75,000 $ 65,000 70,000 40,000 $307,000 $257,000 $ 52,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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E22.16 (LO 1, 2) (Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Brown Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Land Accounts payable Accrued expenses. Notes payable- bank, long- term Bonds payable Inventory Prepaid expenses. Equipment 90,000 75,000 Accumulated depreciation (18,000) (8,000) -equipment Common stock, $10 par 2025 Retained earnings $ 30,000 55,000 45,000 65,000 45,000 2024 70,000 $ 35,000 15,000 25,000 40,000 $307,000 $257,000 Ś $ 65,000 52,000 -0- 15,000 18,000 8,000 30,000 -0- 23,000 189,000 159,000 1. Operating activities. 2. Investing activities. 3. Financing activities. 5,000 $307,000 $257,000 Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Instructions Compute net cash provided (used) by:
Transcribed Image Text:E22.16 (LO 1, 2) (Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Brown Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Land Accounts payable Accrued expenses. Notes payable- bank, long- term Bonds payable Inventory Prepaid expenses. Equipment 90,000 75,000 Accumulated depreciation (18,000) (8,000) -equipment Common stock, $10 par 2025 Retained earnings $ 30,000 55,000 45,000 65,000 45,000 2024 70,000 $ 35,000 15,000 25,000 40,000 $307,000 $257,000 Ś $ 65,000 52,000 -0- 15,000 18,000 8,000 30,000 -0- 23,000 189,000 159,000 1. Operating activities. 2. Investing activities. 3. Financing activities. 5,000 $307,000 $257,000 Land was acquired for $30,000 in exchange for common stock, par $30,000, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $10,000 were declared and paid during the year. Instructions Compute net cash provided (used) by:
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