The balance sheet data of Riverbed Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings 2025 $30,100 54,800 64,600 15,000 89,300 (17,860) 69,400 $305,340 $257,400 $65,200 $52,500 17,900 15,200 -0- 29,700 189,800 2024 $34,700 45,000 44,800 24,900 75,800 (8,100) 40,300 5,440 $305,340 22,900 -0- 160,700 3,400 $257,400 and was acquired for $29,100 in exchange for common stock, par $29,100, during the year; all equipment purchased was for cash. Equipment costing $13,100 was sold for $3,000; book value of the equipment was $6,100. Cash dividen of $10,000 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).)

The balance sheet data of Riverbed Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings 2025 $30,100 54,800 64,600 15,000 89,300 (17,860) 69,400 $305,340 $257,400 $65,200 $52,500 17,900 15,200 -0- 29,700 189,800 2024 $34,700 45,000 44,800 24,900 75,800 (8,100) 40,300 5,440 $305,340 22,900 -0- 160,700 3,400 $257,400 and was acquired for $29,100 in exchange for common stock, par $29,100, during the year; all equipment purchased was for cash. Equipment costing $13,100 was sold for $3,000; book value of the equipment was $6,100. Cash dividen of $10,000 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).)

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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The current sections of Vaughn Inc's balance sheets at December 31, 2019 and 2020, are presented here. Vaughn's net income for 2020 was $214,500. Depreciation expense was $48,000. Current assets Cash Accounts receivable Inventory Prepaid expense Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2020 2019 128.000 $126.500 $110,500 100.500 165,500 195,000 50,000 32,500 $470,000 $438.500 $38,000 $16.500 96,500 116,000 $134,500 $132,500 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a sign eg-15,000 or in parenthesis eg. (15,000)) VAUGHN INC. Partial Statement of Cash Flows
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Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.
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