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  3. financial statements of rukavina corporation follo

Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash...

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Accounting

Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 73 $ 67 Accounts receivable 99 104 Inventory 74 75 Property, plant, and equipment 586 560 Less accumulated depreciation 293 280 Total assets $ 539 $ 526 Liabilities and stockholders' equity: Accounts payable $ 131 $ 101 Bonds payable 376 420 Common stock Retained earnings Total liabilities and stockholders' equity 101 (69) 100 (95) $ 539 $ 526 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income Cash dividends were $24. 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 < Prev 10 of 30 Next >

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