The statement of financial position data of Yasser Company at the end of 2015 and 2014 follow
Question:
The statement of financial position data of Yasser Company at the end of 2015 and 2014 follow (amounts in thousands).
2015 2014
Equipment ¥ 90,000 ¥ 75,000
Accumulated depreciation—equipment (18,000) (8,000)
Land 70,000 40,000
Inventory 65,000 45,000
Accounts receivable (net) 55,000 45,000
Prepaid expenses 15,000 25,000
Cash 30,000 35,000
¥307,000 ¥257,000
Share capital—ordinary, $10 par ¥189,000 ¥159,000
Retained earnings 8,000 5,000
Notes payable—bank, long-term –0– 23,000
Bonds payable 30,000 –0–
Accounts payable 65,000 52,000
Accrued expenses 15,000 18,000
¥307,000 ¥257,000
Additional information:
- 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.
Compute net cash provided (used) by:
(a) Operating activities (indirect).
(b) Investing activities.
(c) Financing activities.
Introduction to Finance Markets Investments and Financial Management
ISBN: 978-1118492673
15th edition
Authors: Melicher Ronald, Norton Edgar