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Exercise 23-16 Your answer is partially correct. Try again. The balance sheet data of Brown Company at the end of 2014 and 2013 are shown
Exercise 23-16 Your answer is partially correct. Try again. The balance sheet data of Brown Company at the end of 2014 and 2013 are shown below. 2014 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation equipment Land $30,000 55,400 64,400 15,000 89,100 (17,820 ) 69,500 $305,580 2013 $35,100 44,500 45,400 25,200 75,600 (7,900 ) 39,700 $257,600 $64,800 15,100 . -- Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10 par Retained earnings 29,800 189,600 6,280 $305,580 $51,500 17,800 23,200 -D- 159,800 5,300 $257.600 Land was acquired for $29,800 in exchange for common stock, par $29,800, during the year; all equipment purchased was for cash. Equipment costing $12,800 was sold for $3,000; book value of the equipment was $6,100. Cash dividends of $9,900 were declared and paid during the year. Compute the following: (Show amounts that decrease cash flow with either a - sign e.g. -14,000 or in parenthesis e.g. (14,000).) (a) Net Cash provided by Operating activities. sal (b) Net Cash Tused by Investing activities. su (c) Net Cash Tused by Financing activities. $ Click if you would like to Show Work for this question: Open Show Work
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