The balance sheet data of Wyeth Company at the end of 2012 and 2011 are shown on
Question:
The balance sheet data of Wyeth Company at the end of 2012 and 2011 are shown on page 1488.
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 (used) by:
(a) Operating activities.
(b) Investing activities.
(c) Financing activities.
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