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The Lucido Company's 2018 Net Income is $170. Balance Sheets are given: 12/31/18 12/31/17 $40 100 $35 88 Cash Accounts Receivable Machine Acc Depr. Totals
The Lucido Company's 2018 Net Income is $170. Balance Sheets are given: 12/31/18 12/31/17 $40 100 $35 88 Cash Accounts Receivable Machine Acc Depr. Totals Assets 400 150 540 -160 250 $390 380 $503 $0 Dividends Payable Common Stock Treasury Stock Retained Earnings Total Liability and O/E $2 310 (22) 100 348 (30) 185 $503 $390 Lucido sold a machine for $122 in 2018. Cost was $200; book value was $120. Net Cash Used for Financing is: Select one: o a. $133 O b. $41 C. $55 X d. $49 o e. $57 The correct answer is: $57
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