Question

The statement of financial position data of Wyeth Company at the end of 2010 and 2009 follow.


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.

Instructions
Compute net cash provided (used) by:
(a) Operating activities.
(b) Investing activities.
(c) Financingactivities.


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  • CreatedJune 17, 2013
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