The statement of financial position data of Yang Ltd. at the end of 2019 and 2018 follow

Question:

The statement of financial position data of Yang Ltd. at the end of 2019 and 2018 follow (amounts in thousands).
2019 2018 ¥ 90,000 ¥ 75,000 Equipment Accumulated depreciation-equipment (18,000) (8,000) Land 40,000 70,000 Inventory

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 (indirect).
b. Investing activities.
c. Financing activities.

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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