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Waite Company's comparative balance sheet and income statement for last year appear below: Statement of Financial Position Cash Accounts receivable... Inventory Prepaid expenses Long-term investments
Waite Company's comparative balance sheet and income statement for last year appear below: Statement of Financial Position Cash Accounts receivable... Inventory Prepaid expenses Long-term investments Plant and equipment. Accumulated depreciation... Total assets...... Ending Beginning Balance Balance $ 27,000 $ 22,000 56,000 60,000 48,000 36,000 14,000 11,000 270,000 230,000 440,000 440,000 ( 306,000) (276,000) $549,000 $523,000 Accounts payable... $ 43,000 $33,000 Accrued liabilities. 20,000 25,000 Taxes payable 6,000 9,000 Bonds payable 130,000 150,000 Deferred taxes 22,000 20,000 Common stock.. 120,000 110,000 Retained earnings 208,000 176,000 Total liabilities and owners' equity ..... $549,000 $523,000 The company declared and paid $24,000 in cash dividends during the year. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) financing activities last year was: Select one: O a. $10,000 O b. $(10,000) O c. $(34,000) O d. $34,000
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