The comparative balance sheet for an entity that had profit of $175,000 for the year...
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Accounting
The comparative balance sheet for an entity that had profit of $175,000 for the year ended December 31, 20X2, and paid $52,000 of dividends during 20X2 is as follows:
Paz, Inc.
Balance Sheet
At December 31,
12/31 20X2 12/31/20X1
Cash $150,000 $180,000
Accounts receivable 200,000 220,000
Total assets $350,000 $400,000
Payables 80,000 $160,000
Share capital 130,000 125,000
Retained earnings 140,000 115,000
Total liabilities and stockholders' equity $350,000 $400,000
If dividends paid are treated as an operating item, the amount of net cash from operating activities during 20X2 was
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