Question
The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: Common stock,
The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: Common stock, $1 par per share Paid-in capital-excess of par Retained earnings (5 in millions) 2021 2020 $648 $618 384 318 664 618 During 2021, Time declared and paid cash dividends of $108 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2021 Wham was Time's net income for 2021 Muple Choice 546 mon $154 mon $164 $250 million During 2021, T Company engaged in the following activities: Distribution of cash dividends declared in 2020- Fair value of shares issued in a stock dividend Payment to retire bonds Proceeds from the sale of treasury stock (cost: $52) $48 220 452 60 In T's statement of cash flows, what were net cash outflows from financing activities for 2021? Multiple Choice O $392 $440 $560. $732 Alpha Company had the following account balances for 2021 Accounts receivable. Accounts payable Dec. 31 $41,000 Jan, 1 $32,000 49,000 54,000 Alpha reported net income of $230,000 for 2021. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2021 reported in the statement of cash flows? Muple Choice O $244,000 $234,000 $216.000 $226.000
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