Don't give answer in image E22.16 (LO 1, 2) (Cash Provided byOperating, Investing, and FinancingActivities) The balance sheet data ofBrown Company at the end of 2025and 2024 follow.CashAccountsreceivable(net)LandAccountspayableAccruedexpenses.Notespayable-bank, long-termBondspayableInventoryPrepaidexpenses.Equipment 90,000 75,000Accumulateddepreciation (18,000) (8,000)-equipmentCommonstock, $10par2025Retainedearnings$30,00055,000 45,00065,000 45,000202470,000$35,00015,000 25,00040,000$307,000 $257,000Ś$65,000 52,000-0-15,000 18,0008,00030,000 -0-23,000189,000 159,0001. Operating activities.2. Investing activities.3. Financing activities.5,000$307,000 $257,000Land was acquired for $30,000 inexchange for common stock, par$30,000, during the year; allequipment purchased was for cash.Equipment costing $10,000 was soldfor $3,000; book value of theequipment was $6,000. Cashdividends of $10,000 were declaredand paid during the year.InstructionsCompute net cash provided (used) by:

A statement which shows inflow and outflow of cash under three different activities, called as cash…

E22.16 (LO 1, 2) (Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Brown Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Inventory Prepaid expenses Land Accounts payable 2025 muund $ 30,000 2024 $ 35,000 55,000 45,000 Equipment Accumulated depreciation (18,000) (8,000) -equipment 65,000 45,000 15,000 25,000 90,000 75,000 $ 65,000 70,000 40,000 $307,000 $257,000 $ 52,000

E22.16 (LO 1, 2) (Cash Provided by Operating, Investing, and Financing Activities) The balance sheet data of Brown Company at the end of 2025 and 2024 follow. Cash Accounts receivable (net) Inventory Prepaid expenses Land Accounts payable 2025 muund $ 30,000 2024 $ 35,000 55,000 45,000 Equipment Accumulated depreciation (18,000) (8,000) -equipment 65,000 45,000 15,000 25,000 90,000 75,000 $ 65,000 70,000 40,000 $307,000 $257,000 $ 52,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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