The balance sheet data of Headland Company at the end of 2025 and 2024 follow.20252024Cash$30,300$34,800Accounts receivable (net)55,30045,000Inventory64,80045,300Prepaid expenses15,10024,900Equipment89,10074,800Accumulated depreciation-equipment(17,820)(8,000)Land69,30040,000$306,080 $256,800Accounts payable$65,700$51,600Accrued expenses15,20018,100Notes payable-bank, long-term-0-23,100Bonds payable29,700-0-Common stock, $10 par187,700158,400Retained earnings7,7805,600$306,080$256,800Land was acquired for $29,300 in exchange for common stock, par $29,300, during the year; all equipment purchased was for cash.Equipment costing $13,000 was sold for $3,000; book value of the equipment was $5,900. Cash dividends of $10,100 were declaredand paid during the year.Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000).)a.Net Cashby operating activities. $b.Net Cashby investing activities. $C.Net Cash✓ by financing activities.$

Name: The balance sheet data of Headland Company at the end of 2025 and 202
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Description: The balance sheet data of Headland Company at the end of 2025 and 2024 follow.20252024Cash$30,300$34,800Accounts receivable (net)55,30045,000Inventory64,80045,300Prepaid expenses15,10024,900Equipment89,10074,800Accumulated depreciation-equipment(17,

The cash statement is prepared to record the cash flow from various activities during the period.…

Business

Accounting

The balance sheet data of Headland Company at the end of 2025 and 2024 follow. 2025 2024 Cash $30,300 $34,800 Accounts receivable (net) 55,300 45,000 Inventory 64,800 45,300 Prepaid expenses 15,100 24,900 Equipment 89,100 74,800 Accumulated depreciation-equipment (17,820) (8,000) Land 69,300 40,000 Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable $306,080 $256,800 $65,700 $51,600 15,200 18,100 -0- 23,100 29,700 -0- 107700 150 400

The balance sheet data of Headland Company at the end of 2025 and 2024 follow. 2025 2024 Cash $30,300 $34,800 Accounts receivable (net) 55,300 45,000 Inventory 64,800 45,300 Prepaid expenses 15,100 24,900 Equipment 89,100 74,800 Accumulated depreciation-equipment (17,820) (8,000) Land 69,300 40,000 Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable $306,080 $256,800 $65,700 $51,600 15,200 18,100 -0- 23,100 29,700 -0- 107700 150 400

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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