Biology Forums - Study Force

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 93	$ 42
Accounts receivable	54	57
Inventory	74	107
Property, plant, and equipment	638	549
Less accumulated depreciation	250	227
Total assets	$ 609	$ 528
Liabilities and stockholders' equity:
Accounts payable	$ 62	$ 71
Accrued liabilities	38	37
Income taxes payable	27	49
Bonds payable	250	221
Common stock	96	90
Retained earnings	136	60
Total liabilities and equity	$ 609	$ 528

Net income for the year was $100. Cash dividends were $24. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) operating activities for the year was:

▸ $159

▸ $91

▸ ($29)

▸ $129

Content hidden