Question
Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 51 $ 28 Accounts
Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 51 $ 28 Accounts receivable 40 43 Inventory 60 79 Property, plant, and equipment 582 507 Less accumulated depreciation 222 213 Total assets $ 511 $ 444 Liabilities and stockholders' equity: Accounts payable $ 48 $ 57 Accrued liabilities 24 23 Income taxes payable 27 35 Bonds payable 236 207 Common stock 82 76 Retained earnings 94 46 Total liabilities and equity $ 511 $ 444 Net income for the year was $58. Cash dividends were $10. 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
$49
$73
($15)
$89
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