Alcoser Corporation's most recent balance sheet appears below: Comparative...
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Accounting
Alcoser Corporation's most recent balance sheet appears below:
Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Cash and cash equivalents
$
79
$
37
Accounts receivable
49
52
Inventory
69
97
Property, plant, and equipment
618
534
Less accumulated depreciation
240
222
Total assets
$
575
$
498
Liabilities and stockholders' equity:
Accounts payable
$
57
$
66
Accrued liabilities
33
32
Income taxes payable
28
44
Bonds payable
245
216
Common stock
91
85
Retained earnings
121
55
Total liabilities and equity
$
575
$
498
Net income for the year was $85. Cash dividends were $19. 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) operating activities for the year was:
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