Description of this paper

Use the following information to answer the question. Ending // Beginning Balance // Balance

Description

solution


Question

Use the following information to answer the question.;Ending // Beginning;Balance // Balance;Assets;Cash and cash equivalents $43 // $35;Accts. Receivable $53 // $59;Inventory $73 // $69;Plant & equipment $582 // $490;Less accumulated depreciation (301) // (286);Total assets $450 // $367;Liabilities & stockholders' equity;Accounts payable $57 // $48;Wages payable $21 // $18;Taxes payable $15 // $13;Income Statement;Sales - $893;Cost of good sold - $587;Gross margin - $306;Selling and administrative - $189;Expense - $117;Net operating income - $35;Income taxes - $82;Question - The net cash provided by (used by) financing activities for the year was;a. ($12);b. $1;c. ($18);d. $5

 

Paper#33151 | Written in 18-Jul-2015

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