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Exercise 23-16 The balance sheet data of Sheffield Company at the end of 2020 and 2019 are shown below. 2020 Cash Accounts receivable net) Inventory
Exercise 23-16 The balance sheet data of Sheffield Company at the end of 2020 and 2019 are shown below. 2020 Cash Accounts receivable net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land $30,300 54.900 65.400 14 900 89400 (17880) 70.200 $307,220 2019 $35200 45.400 44 500 25,200 74 800 18.000 39.600 $256 ROD $64.900 14,900 $52.500 17800 23,300 Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings 30.000 190.600 6,820 3307220 160,000 3200 8256 800 Land was acquired for $30,600 in exchange for common stock, par $30,600, 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 $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).) (al Net Cash by operating activities. $ b) Net Cash by investing activities. $ (e) Net Cash by financing activities. $ Click if you would like to Show Work for this question Coen Showe Works KTO VIDEO Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSER
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