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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