Cezar Corporation\'s comparative balance sheet appears below: 56,000 52,000 120,
ID: 2655361 • Letter: C
Question
Cezar Corporation's comparative balance sheet appears below:
56,000
52,000
120,000
106,000
186,000
152,000
156,000
168,000
$276,000
$274,000
43,000
42,000
78,000
72,000
178,700
178,000
70,300
64,000
97,300
96,000
$276,000
$274,000
The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $13,000 and its cash dividends were $6,700. 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, $41,700; net cash used in financing activities,$12,700
net cash provided by operating activities, $38,000; net cash used in financing activities,$12,700
net cash provided by operating activities, $38,000; net cash used in financing activities,$5,700
net cash provided by operating activities, $41,700; net cash used in financing activities,$5,700
Cezar Corporation's comparative balance sheet appears below:
Explanation / Answer
correct answer is "D" -Net cash provided by operating activites $41700 , net cash used in financing activites $5700
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