Question
48. The balance sheet for Blineberry Corporation follows: Ending balance Beginning balance Assets: Current assets: Cash and cash equivalents $20,700 $12,200 Accounts receivable $10,100 $8,400
48. The balance sheet for Blineberry Corporation follows:
Ending balance | Beginning balance | |
Assets: | ||
Current assets: | ||
Cash and cash equivalents | $20,700 | $12,200 |
Accounts receivable | $10,100 | $8,400 |
Inventory | $39,700 | $38,600 |
Total current assets | $70,500 | $59,200 |
Property, plant, and equipment | $144,050 | $135,500 |
Less accumulated depreciation | $102,700 | $95,200 |
Net property, plant, and equipment | $41,350 | $40,300 |
Total assets | $111,850 | $99,500 |
Liabilities and stockholders' equity: | ||
Current liabilities: | ||
Accounts payable | $14,600 | $9,500 |
Accrued salaries payable | $15,800 | $12,100 |
Other accounts payable | $1,200 | $6,300 |
Notes payable | $1,500 | $7,500 |
Total current liabilities | $33,100 | $35,400 |
Longterm Debt | $35,300 | $31,400 |
Deferred income taxes | $5,700 | $3,200 |
Total longterm liabilities | $41,000 | $34,600 |
Stockholders' equity: | ||
Common stock | $25,150 | $17,800 |
Retained earnings | $12,600 | $11,700 |
Total stockholders' equity | $37,750 | $29,500 |
Total liabilities and stockholders' equity | $111,850 | $99,500 |
Operating income during the period was
$ 24 comma 000$24,000,
while cash dividends paid were
$ 23 comma 100$23,100.
The total sources of cash at Blineberry Corporation during the year was
A.
$$8,500.
B.
$ $6,050.
C.
$ $54,050.
D. $46,550.
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