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sarasmith06 sarasmith06
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A year ago

Buckley Corporation's most recent comparative balance sheet appears below:

Comparative Balance Sheet
Ending BalanceBeginning Balance
Assets:
Cash and cash equivalents$ 19$ 20
Accounts receivable2627
Inventory5651
Property, plant, and equipment686550
Less accumulated depreciation430363
Total assets$ 357$ 285
Liabilities and stockholders' equity:
Accounts payable$ 30$ 34
Bonds payable4340
Common stock5450
Retained earnings230161
Total liabilities and stockholders' equity$ 357$ 285

The company's net income for the year was $91 and it paid a cash dividend of $22. It did not dispose of any property, plant, and equipment during the year. The company did not retire any bonds payable or repurchase any of its own common stock.

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



▸ $32

▸ $59

▸ $130

▸ $150
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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fujiokifujioki
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A year ago
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