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Question 2 9 points Save Answer Burns Corporations net income last year was $99,200. Changes in the company's balance sheet accounts for the year appear
Question 2 9 points Save Answer Burns Corporations net income last year was $99,200. Changes in the company's balance sheet accounts for the year appear below: (Decrvases) Asset and Contra-Asset Accounts: Cash and cash equivalents Accounts receivable laveniory Prepuid expenses Long-term investments Property, plan, and equipment Accumulated depreciation Liability and Equity Accounls: Accounls payable Aucrued liabilities lncone axes payuble Bonds payable Common stock Relained eanings $ 21,900 $13,500 $( 16,800) S 4100 10,200 $ 77.000 $33,200 S 19,600) S 16.800 4200 61,200) 41,G00 $94,900 The company did nol dispose ol any property. planl, aund equipmenl, sell uny long-lerm investrenls, issue any bonds payable. or repurcbuse any olis own common slock during the yer. The vompuny declared and puid a cush dividend S4300 Roquired: Aclivities schedule Ldjustments Depreciion Expense Change in Change in Inventory Change in Preid Ex Change in Change in Accrued Liabilities Change in Income Taxes Pavable (13,500 14,100) S4,200 Net Cash Provided by Operating Activities
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