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eennuson eennuson
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A year ago

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending BalanceBeginning Balance
Assets:
Cash and cash equivalents$ 93$ 42
Accounts receivable5457
Inventory74107
Property, plant, and equipment638549
Less accumulated depreciation250227
Total assets$ 609$ 528
Liabilities and stockholders' equity:
Accounts payable$ 62$ 71
Accrued liabilities3837
Income taxes payable2749
Bonds payable250221
Common stock9690
Retained earnings13660
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
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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ndedrickndedrick
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eennuson Author
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A year ago
Correct Slight Smile TY
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Smart ... Thanks!
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