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Alcoser Corporation's most recent balance sheet appears below: Beginning Balance Comparative Balance Sheet Ending Balance Assets: Cash and cash equivalents $ 69 Accounts receivable 46
Alcoser Corporation's most recent balance sheet appears below: Beginning Balance Comparative Balance Sheet Ending Balance Assets: Cash and cash equivalents $ 69 Accounts receivable 46 Inventory 66 Property, plant, and equipment 606 Less accumulated depreciation 234 Total assets $ 553 Liabilities and stockholders' equity: Accounts payable $ 54 Accrued liabilities 30 Income taxes payable Bonds payable 242 Common stock Retained earnings 112 $ 34 49 91 525 219 $ 480 63 27 41 213 88 82 52 Total liabilities and equity $ 553 ************* $ 480 Net income for the year was $76. Cash dividends were $16. 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: Multiple Choice ($21) $67 $119 $97
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