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

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

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

	Ending Balance	Beginning Balance
Comparative Balance Sheet
Assets:
Cash and cash equivalents	$ 19	$ 20
Accounts receivable	26	27
Inventory	56	51
Property, plant, and equipment	686	550
Less accumulated depreciation	430	363
Total assets	$ 357	$ 285
Liabilities and stockholders' equity:
Accounts payable	$ 30	$ 34
Bonds payable	43	40
Common stock	54	50
Retained earnings	230	161
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) investing activities for the year was:

▸

$(69)

▸

$69

▸

$136

▸

$(136)

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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