Please show work, thank you Financial statements of...
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Accounting
Please show work, thank you
Financial statements of Ansbro Corporation follow:
Ansbro Corporation Comparative Balance Sheet
Ending Balance
Beginning Balance
Assets:
Cash and cash equivalents
$27
$24
Accounts receivable
83
75
Inventory
39
34
Property, plant and equipment
573
510
Less: accumulated depreciation
332
302
Total assets
$390
$341
Liabilities and stockholders' equity:
Accounts payable
$47
$58
Bonds payable
110
140
Common stock
83
75
Retained earnings
150
68
Total liabilities and stockholders' equity
$390
$341
Income Statement
Sales
$720
Cost of goods sold
452
Gross margin
268
Selling and administrative expenses
116
Net operating income
152
Income taxes
55
Net income
$97
Cash dividends were $15. 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:
Answer & Explanation
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