The balance sheet data of Brown Company at the end of 2025 and 2024 follow. Land was

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The balance sheet data of Brown Company at the end of 2025 and 2024 follow.image


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:


a. Operating activities.


b. Investing activities.


c. Financing activities.

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Intermediate Accounting

ISBN: 9781119790976

18th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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