Question
Cezar Corporation's comparative balance sheet appears below: The company did not dispose of any property, plant, and equipment during the year. Its net income for
Cezar Corporation's comparative balance sheet appears below: |
The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $34,500 and its cash dividends were $2,300. The company did not retire any bonds payable or issue any common stock during the year. Its net cash provided by operating activities and net cash used in financing activities are:
A. net cash provided by operating activities, $29,600; net cash used in financing activities,$2,600
B. net cash provided by operating activities, $29,600; net cash used in financing activities,$7,000
C. net cash provided by operating activities, $53,100; net cash used in financing activities,$2,600
D. net cash provided by operating activities, $53,100; net cash used in financing activities,$7,000
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