Cezar Corporation\'s comparative balance sheet appears below: 63,500 59,000 150,
ID: 2501133 • Letter: C
Question
Cezar Corporation's comparative balance sheet appears below:
63,500
59,000
150,000
127,000
189,500
159,000
229,500
231,000
$379,500
$358,000
52,500
49,000
83,600
79,000
203,100
206,000
142,400
113,000
176,400
152,000
$379,500
$358,000
The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $32,900 and its cash dividends were $3,500. The company did not issue any bonds payable or purchase any of its own common stock during the year. Its net cash provided by operating activities and net cash used in financing activities are:
net cash provided by operating activities, $53,900; net cash used in financing activities,$8,100
net cash provided by operating activities, $33,000; net cash used in financing activities,$8,100
net cash provided by operating activities, $53,900; net cash used in financing activities,$3,900
net cash provided by operating activities, $33,000; net cash used in financing activities,$3,900
Cezar Corporation's comparative balance sheet appears below:
Explanation / Answer
Cash flow from operating Activity Net Income $32,900 Depreciation $30,500 Decrease in account receivable $2,500 Increase in tax payable $3,500 Increase in Inventory ($4,500) Account payable ($2,000) Accrued Liablilty ($9,000) $53,900 Cash flow from financing activity Dividend $3,500 Bond Payable 4600 $8,100
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