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can you please answer this and show me your computation/solutions? thanks. 15. lies Corporation's comparative balance sheet appears below Comparative Balance Sheet Beginning Balance Ending
can you please answer this and show me your computation/solutions? thanks.
15. lies Corporation's comparative balance sheet appears below Comparative Balance Sheet Beginning Balance Ending Balance Assets: Current assets Cash and cash equivalents 40.,000 33,000 21,000 69,000 23,000 339,000 132,000 207,000 $ 328,000 330,000 Accounts receivable 19,000 67,000 126,000 358,000 156,000 202,000 Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity Current liabilities $18,000 54,000 48,000 120,000 82,000 202,000 19,000 59,000 42,000 120,000 86,000 206,000 Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings 23,000 103,000 126,000 328.000 22,000 102,000 124,000 330,000 Total stockholders' equity Total liabilities and stockholders' equity The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $5,000 and its cash dividends were $4,000. The company did not issue any bonds payable or purchase any of its own common stock during the year. Its net cash provided by (used in) operating activities and net cash provided by (used in) financing activities are: net cash provided by operating activities, $33,000; net cash used in financing activities, a. $(1,000) $(7,000) $(7,000) $(1,000) b. net cash provided by operating activities, $35,000; net cash used in financing activities, c. net cash provided by operating activities, $33,000; net cash used in financing activities, d. net cash provided by operating activities, $35,000; net cash used in financing activitiesStep by Step Solution
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