Question
The statement of financial position data of Yasser Company at the end of 2015 and 2014 follow (amounts in thousands). 2015 2014 Equipment 90,000 75,000
The statement of financial position data of Yasser Company at the end of 2015 and 2014 follow (amounts in thousands).
2015 2014
Equipment 90,000 75,000
Accumulated depreciationequipment (18,000) (8,000)
Land 70,000 40,000
Inventory 65,000 45,000
Accounts receivable (net) 55,000 45,000
Prepaid expenses 15,000 25,000
Cash 30,000 35,000
307,000 257,000
Share capitalordinary, $10 par 189,000 159,000
Retained earnings 8,000 5,000
Notes payablebank, long-term 0 23,000
Bonds payable 30,000 0
Accounts payable 65,000 52,000
Accrued expenses 15,000 18,000
307,000 257,000
Additional information:
- Land was acquired for 30,000 in exchange for ordinary shares, 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.
Compute net cash provided (used) by:
(a) Operating activities (indirect).
(b) Investing activities.
(c) Financing activities.
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