Compute the net cash provided used by operating activities

Assignment Help Financial Accounting
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

Questions Cloud

Economy-net taxes and government spending : Suppose that in an economy, net taxes and governemnt spending are independent of income. It is determined that when government spending falls by $200 billion income falls by $800 billion. What is the MPS? What is the MPC?
Equals the nominal rate minus the inflation rate : The Fisher equation tells us that the real interest rate approximately equals the nominal rate minus the inflation rate. Suppose the inflation rate increases from 3% to 5%.
Review of literature and incorporating theory : SIGNIFICANSE OF DAILY INTERRUPTION IN SEDATED MECHANICAL VENTILATOR PATIENTS - Review of Literature and Incorporating Theory
Organisational and environmental inhibitors and accelerants : in this Assignment is to critically evaluate types of innovation/change and organisational and environmental inhibitors and accelerants, offer a balanced critical appraisal of relevant theory and concepts and apply relevant theory/concepts to a ma..
Compute the net cash provided used by operating activities : Compute the Net Cash Provided used by Operating activities, Net Cash Used provided by Investing activities and Net Cash Used provided by Financing activities.
What is meant by digital government services : What is meant by "Digital Government services?" (previously called "e-Government" services) Where have past administrations fallen short in protecting Digital Government / e-Government services?
Express logistics enterprises in the development prospects : UPS is a large international express delivery company, has hundreds of planes in addition to its own cargo planes, he also rented hundreds of aircraft cargo aircraft, the transport capacity of more than 1,000 a day.
Articles involving the computer-based patient record : Compare and contrast three (3) advantages and three (3) disadvantages of delivering health care with a computer-based patient record system. Reference the advantages and disadvantages that are outlined in the articles you chose for Part A.
How do you think the fraud could have been prevented : So while the saying may be "dream big", Armand Moore probably now realizes that his dream was too big. How do you think this fraud could have been prevented? Why is the fraud that occurred here difficult to prevent?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd