Question
The Lucido Company's 2026 Net Income is $170. Balance Sheets are given: 12/31/25 12/31/26 Cash $40 $35 Accounts Receivable 100 88 Machine 400 540
The Lucido Company's 2026 Net Income is $170. Balance Sheets are given: 12/31/25 12/31/26 Cash $40 $35 Accounts Receivable 100 88 Machine 400 540 Acc Depr. 150 250 -160 380 Totals Assets $390 $503 Dividends Payable $2 $0 Common Stock 310 348 Treasury Stock (22) (30) Retained Earnings 100 185 Total Liability and O/E $390 $503 Lucido sold a machine for $122 in 2026. Cost was $200; book value was $120. Net Cash Used for Financing is: Select one: a. $133 O b. $41 . $55 d. $49 e. $57
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