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Mostafa91 Mostafa91
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A year ago

Sonier Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending BalanceBeginning Balance
Assets:
Cash and cash equivalents$ 26$ 27
Accounts receivable4549
Inventory4043
Property, plant, and equipment474380
Less accumulated depreciation269244
Total assets$ 316$ 255
Liabilities and stockholders' equity:
Accounts payable$ 42$ 35
Bonds payable245270
Common stock7170
Retained earnings(42)(120)
Total liabilities and stockholders' equity$ 316$ 255

The net income for the year was $97. Cash dividends were $19. The company did not issue any bonds or repurchase any of its common stock during the year. The net cash provided by (used in) financing activities for the year was:



▸ ($43)

▸ ($19)

▸

($25)



▸ $1
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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vicky12345vicky12345
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