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Using the information in the file above, what is Net cash provided by Operating Activities (CFO)? A. 35,000 B. -35,000 C. 55,000 D. -55,000 E.
Using the information in the file above, what is Net cash provided by Operating Activities (CFO)?
A. 35,000
B. -35,000
C. 55,000
D. -55,000
E. 26,000
F. -26,000
Using the information in the above below, what is Net cash provided by Investing Activities (CFI)?
A. 26,000
B. -26,000
C. 55,000
D. -55,000
E. 35,000
F. -35,000
Using the information in the file above, what is Net cash provided by Financing Activities (CFF)?
A. 55,000
B. -55,000
C. 26,000
D. -26,000
E. 35,000
F. -35,000
Income Statement For Year Ended December 31, 2018 $635,000 Sales... Cost of goods sold Wages expense Insurance expense Depreciation expense. Interest expense. Income tax expense $430,000 86,000 8,000 17,000 9,000 29,000 579,000 $ 56,000 Net income.. Balance Sheets Dec. 31, 2018 Dec. 31, 2017 Assets Cash... Accounts receivable. Inventory Prepaid insurance. Plant assets Accumulated depreciation Total assets $ 11,000 41,000 90,000 5,000 250,000 (68,000) $329,000 $ 5,000 32,000 60,000 7,000 195,000 (51,000) $248,000 Liabilities and Stockholders' Equity Accounts payable. Wages payable.. Income tax payable Bonds payable Common stock Retained earnings Total liabilities and equity $ 7,000 9,000 7,000 130,000 90,000 86,000 $329,000 $ 10,000 6,000 8,000 75,000 90,000 59,000 $248,000 Additional Notes: Cash dividends of $29,000 were declared and paid during 2018. Also in 2018, plant assets were purchased for cash, and bonds payable were issued for cash. Bond interest is paid semiannually on June 30 and December 31. Accounts payable relate to merchandise purchasesStep by Step Solution
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