Compute the net cash provided used by operating activities

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Reference no: EM131076034

The balance sheet data of Brown Company at the end of 2014 and 2013 are shown below.

 

2014

2013

Cash

$29,610

$34,819

Accounts receivable (net)

54,727

44,845

Inventory

65,440

45,224

Prepaid expenses

14,952

24,526

Equipment

89,819

74,517

Accumulated depreciation-equipment

(18,477)

(8,204)

Land

69,800

39,650

 

$305,871

$255,377

Accounts payable

$64,523

$52,178

Accrued expenses

14,755

17,571

Notes payable-bank, long-term

-0-

22,992

Bonds payable

30,268

-0-

Common stock, $10 par

188,730

158,580

Retained earnings

7,595

4,056

 

$305,871

$255,377

Land was acquired for $30,150 in exchange for common stock, par $30,150, during the year; all equipment purchased was for cash.

Equipment costing $12,562 was sold for $3,410; book value of the equipment was $5,540. Cash dividends of $8,630 were declared and paid during the year.

Compute the following:

(a) Net Cash Provided used by Operating activities.

(b) Net Cash Used provided by Investing activities.

(c) Net Cash Used provided by Financing activities.

Reference no: EM131076034

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