Question
TB MC Qu. 13-54 (Algo) Carriveau Corporation's most recent balance... Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance
TB MC Qu. 13-54 (Algo) Carriveau Corporation's most recent balance... Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $ 36 $ 25 Accounts receivable 32 25 Inventory 46 55 Total current assets 114 105 Property, plant, and equipment 747 546 Less accumulated depreciation 240 235 Net property, plant, and equipment 507 311 Total assets $ 621 $ 416 Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 51 $ 53 Accrued liabilities 16 10 Income taxes payable 39 27 Total current liabilities 106 90 Bonds payable 157 217 Total liabilities 263 307 Stockholders equity: Common stock 81 76 Retained earnings 277 33 Total stockholders equity 358 109 Total liabilities and stockholders' equity $ 621 $ 416 Net income for the year was $300. Cash dividends were $56. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was:
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