Mccloe Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance...
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Accounting
Mccloe Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance ssets: Cash and cash equivalent Accounts receivable Inventory Property, plant and equipment 32 40 $30 49 490 286 1361332 528 291 imulated depreciati Total assets Liabilities and stockholders equity: Accounts pavable Accrued liabilitie Income taxes pavable Bonds payable Common stock $45 18 $44 15 112 65 130 60 Total liabilities and stockholders' equity $361332 Income Statement $639 Sales Cost of goods sold Gross margin Selling and administrative expense Net operating incom. Gain on sale of plant and equipment.. Income before taxes Income taxes Net income 238 Cash dividends were $9. The company did not issue any bonds or repurchase any of its own common stock during the year The net cash provided by (used in) financing activities for the year was O$(18) O $(9) O$(22) $5
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