Financial statements of Rukavina Corporation follow:
Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ $
Accounts receivable
Inventory
Property, plant, and equipment
Less accumulated depreciation
Total assets $ $
Liabilities and stockholders' equity:
Accounts payable $ $
Bonds payable
Common stock
Retained earnings
Total liabilities and stockholders' equity $ $
Income Statement
Sales $
Cost of goods sold
Gross margin
Selling and administrative expense
Net operating income
Income taxes
Net income $
Cash dividends were $ 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
$
$
$
$
