Question
Ansbro Corporation's most recent balance sheet appears below: Ansbro Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $44 $25 Accounts
Ansbro Corporation's most recent balance sheet appears below: Ansbro Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $44 $25 Accounts receivable 37 40 Inventory 57 73 Property, plant and equipment 570 498 Less: accumulated depreciation 216 210 Total assets $492 $426 Liabilities and stockholders' equity: Accounts payable $45 $54 Accrued liabilities 21 20 Income taxes payable 29 32 Bonds payable 233 204 Common stock 79 73 Retained earnings 85 43 Total liabilities and stockholders' equity $492 $426 Net income for the year was $49. Cash dividends were $7. 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 question pertain to the company's statement of cash flows. The net cash provided by (used in) operating activities for the year was: $74 $14 $63 $40
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