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53. Mustang Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents Accounts receivable. Inventory Property,

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53. Mustang Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents Accounts receivable. Inventory Property, plant and equipment Less accumulated depreciation.... Total assets $ 34 44 72 610 274 $486 $29 41 60 550 222 $451 BER Liabilities and stockholders' equity: Accounts payable. $ 32 $28 Bonds payable 305 400 Common stock.... 51 50 Retained earnings 98 (27) Total liabilities and stockholders' equity. $486 $451 The company's net income for the year was $246; its depreciation expense was $70; equipment was sold at a $20 gain; and cash dividends were $30. The net cash provided by (used in) operating activities for the year was: A. $325 B. $285 C. $277 D. $255 54. Maroon and Gold Company's cash decreased by $8,000. Cash provided by operating activities was non had in financing activities was $14,000. Based on this information, the net cash flow

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