Acc422 Intermediate Accounting: E23-16 The balance sheet data of Wyeth Company

Acc422 Intermediate Accounting
E23-16 Cash Provided by Operating, Investing, and Financing Activities
The balance sheet data of Wyeth Company at the end of 2010 and 2009 follow.
2010 2009
Cash 30,000 35,000
Accounts receivable (net) 55,000 45,000
Merchandise inventory 65,000 45,000
Prepaid expenses 15,000 25,000
Equipment 90,000 75,000
Accumulated depreciation-equipment (18,000) (8,000)
Land 70,000 40,000
307,000 257,000

Accounts payable 65,000 52,000
Accrued expenses 15,000 18,000
Notes payable-bank, long term - 23,000
Bonds payable 30,000 -
Common stock, $10 par 189,000 159,000
Retained Earnings 8,000 5,000
307,000 257,000
Land was acquired for $30,000 in exchange for common stock, 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.

Instructions
Compute net cash provided or used by: (Enter all amounts as positive numbers.)
(a) operating activities
(b) investing activities.
(c) financing activities.
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