Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash.Equipment costing $13,200 was sold for $3,100; book value of the equipment was $6,100. Cash dividends of $10,100 were declaredand paid during the year.Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000).)a.b.C.Net CashNet CashNet Cashprovided ✓by operating activities.usedused✓by investing activities.by financing activities.LA$$$(25800)(2700) The balance sheet data of Marigold Company at the end of 2025 and 2024 follow.CashAccounts receivable (net)InventoryPrepaid expensesEquipmentAccumulated depreciation-equipmentLandAccounts payableAccrued expensesNotes payable-bank, long-termBonds payableCommon stock, $10 parRetained earnings2025$30,10055,00064,60015,00090,200(18,040)70,200$64,60074,500(8,000)39,800$307,060 $256,10014,800-0-30,300190,40020246,960$35,10044,90045,10024,700$52,50017,90022,900-0-160,0002,800$307,060 $256,100

Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,200 was sold for $3,100; book value of the equipment was $6,100. Cash dividends of $10,100 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000) a. b. C. Net Cash Net Cash Net Cash provided ✓by operating activities. used used ✓by investing activities. $ $ ✓by financing activities. $ (25800) (2700)

Land was acquired for $30,400 in exchange for common stock, par $30,400, during the year; all equipment purchased was for cash. Equipment costing $13,200 was sold for $3,100; book value of the equipment was $6,100. Cash dividends of $10,100 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a-sign e.g. -12,000 or in parenthesis e.g. (12,000) a. b. C. Net Cash Net Cash Net Cash provided ✓by operating activities. used used ✓by investing activities. $ $ ✓by financing activities. $ (25800) (2700)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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subject :- Accounting
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