Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 34 $ 29 Accounts receivable 32 36 Inventory 53 66 Property, plant, and equipment 554 480 Less accumulated depreciation 208 206 Total assets $ 465 $ 405 Liabilities and stockholders' equity: Accounts payable $ 41 $ 50 Accrued liabilities 17 16 Income taxes payable 28 30 Bonds payable 217 200 Common stock 75 70 Retained earnings 87 39 Total liabilities and stockholders' equity $ 465 $ 405 Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was: Multiple Choice $74 $(74) $(72) $72
Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 34 $ 29 Accounts receivable 32 36 Inventory 53 66 Property, plant, and equipment 554 480 Less accumulated depreciation 208 206 Total assets $ 465 $ 405 Liabilities and stockholders' equity: Accounts payable $ 41 $ 50 Accrued liabilities 17 16 Income taxes payable 28 30 Bonds payable 217 200 Common stock 75 70 Retained earnings 87 39 Total liabilities and stockholders' equity $ 465 $ 405 Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was: Multiple Choice $74 $(74) $(72) $72
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Alcoser Corporation's most recent balance sheet appears below:
| Comparative Balance Sheet | ||
| Ending Balance | Beginning Balance | |
|---|---|---|
| Assets: | ||
| Cash and cash equivalents | $ 34 | $ 29 |
| Accounts receivable | 32 | 36 |
| Inventory | 53 | 66 |
| Property, plant, and equipment | 554 | 480 |
| Less accumulated depreciation | 208 | 206 |
| Total assets | $ 465 | $ 405 |
| Liabilities and |
||
| Accounts payable | $ 41 | $ 50 |
| Accrued liabilities | 17 | 16 |
| Income taxes payable | 28 | 30 |
| Bonds payable | 217 | 200 |
| Common stock | 75 | 70 |
| Retained earnings | 87 | 39 |
| Total liabilities and stockholders' equity | $ 465 | $ 405 |
Net income for the year was $60. Cash dividends were $12. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
The net cash provided by (used in) investing activities for the year was:
Multiple Choice
-
$74
-
$(74)
-
$(72)
-
$72
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