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  3. alcoser corporation's most recent balance sheet ap

Alcoser Corporation's most recent balance sheet appears below: Comparative...

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Accounting

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 61 $ 31
Accounts receivable 43 46
Inventory 63 85
Property, plant, and equipment 594 516
Less accumulated depreciation 228 216
Total assets $ 533 $ 462
Liabilities and stockholders' equity:
Accounts payable $ 51 $ 60
Accrued liabilities 27 26
Income taxes payable 28 38
Bonds payable 239 210
Common stock 85 79
Retained earnings 103 49
Total liabilities and equity $ 533 $ 462

Net income for the year was $67. Cash dividends were $13. 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) operating activities for the year was:

Multiple Choice

$58

$86

$19

$104

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