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Beginning Balance upts 3) Autry Corporation's balance sheet and income statement appear below. Ending Balance Comparative Balance Sheet 26 par 65 159 227 386 -
Beginning Balance upts 3) Autry Corporation's balance sheet and income statement appear below. Ending Balance Comparative Balance Sheet 26 par 65 159 227 386 - 81 Assets: Current assets! Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 131 30 225 255 $ 512 $ 386 $ 1,206 795 178 233 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of plant and equipment Income before taxes Income taxes Net income _17 250 75 $_175 $ 175 Cash dividends were $40. The company sold equipment for $19 that was originally purchased for $6 and that had accumulated depreciation of $4. The net cash provided by (used in) investing activities for the year was: A) $19 B) $140 C) ($159) D) ($140) 44) Furis Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account decreased by $12,000 and its marketable securities account increased by $19,000. Net cash provided by (used in) operating activities was $18,000. Net cash provided by (used in) financing activities was $(12,000). Based on this information, the net cash provided by (used in) investing activities on the statement of cash flows was: A) $(12,000) B) $1,000 C) $(6,000) D) $6,000
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