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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Wyeth Company at the end of 2012 and 2011 are shown on page 1488.
 |
2012 |
2011 |
Cash |
$ 30,000 |
$ 35,000 |
Accounts receivable (net) |
55,000 |
45,000 |
Inventory |
65,000 |
45,000 |
Prepaid expenses |
15,000 |
25,000 |
Equipment |
90,000 |
75,000 |
Accumulated depreciation—equipment |
(18,000) |
(8,000) |
Land |
70,000 |
40,000 |
 |
$307,000 |
$257,000 |
Accounts payable |
$ 65,000 |
$ 52,000 |
Accrued expenses |
15,000 |
18,000 |
Notes payable—bank, long-term |
–0– |
23,000 |
Bonds payable |
30,000 |
–0– |
Common stock, $10 par |
189,000 |
159,000 |
Retained earnings |
8,000 |
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 $13,000 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $9,000 were declared and paid during the year.
Instructions
Compute net cash provided (used) by:
(a) Operating activities.
(b) Investing activities.
(c) Financing activities.
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