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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment
Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 44 66 52 476 238 $400 $ 45 71 53 450 225 $394 $ 98 266 90 (54) $400 $ 79 310 89 (84) $394 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes $610 427 183 122 61 18 $ 43 Net income Cash dividends were $13. 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 $32 $81 $84 $73
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