Item 2A.

Kaeser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	44		$	36
Accounts receivable		54			60
Inventory		32			37
Total current assets		130			133
Property, plant, and equipment		527			460
Less accumulated depreciation		339			289
Net property, plant, and equipment		188			171
Total assets	$	318		$	304
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	46		$	41
Accrued liabilities		20			17
Income taxes payable		26			29
Total current liabilities		92			87
Bonds payable		145			180
Total liabilities		237			267
Stockholders equity:
Common stock		31			30
Retained earnings		50			7
Total stockholders equity		81			37
Total liabilities and stockholders' equity	$	318		$	304

The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $9. The net cash provided by (used in) investing activities for the year was:

Multiple Choice

• $17
• $67
• ($17)
• ($67)

2B.

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Cash and cash equivalents	$	34		$	29
Accounts receivable		32			36
Inventory		53			66
Property, plant, and equipment		554			480
Less accumulated depreciation		208			206
Total assets	$	465		$	405
Liabilities and stockholders' equity:
Accounts payable	$	41		$	50
Accrued liabilities		17			16
Income taxes payable		28			30
Bonds payable		217			200
Common stock		75			70
Retained earnings		87			39
Total liabilities and stockholders' equity	$	465		$	405

Net income for the year was $60. Cash dividends were $12. 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) financing activities for the year was:

Multiple Choice

• $10

• $5

• $(12)

• $17