Financial statements of Rukavina Corporation follow:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$36 $38 Accounts receivable 39 44 Inventory 34 35 Property, plant, and equipment 386 360 Less accumulated depreciation 202 191 Total assets$293 $286 Liabilities and stockholders' equity: Accounts payable$71 $61 Bonds payable 176 220 Common stock 81 80 Retained earnings (35) (75)Total liabilities and stockholders' equity$293 $286 ? Income Statement?Sales$518Cost of goods sold336Gross margin183Selling and administrative expense113Net operating income69Income taxes21Net income$48Cash dividends were $8. 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) investing activities for the year was:
A. $26
B. $(26)
C. $(15)
D. $15
Answer: B
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The first-in, first-out (FIFO) method creates better month-to-month cost comparisons than the weighted-average method ________.
A) because it does not recognize transferred in units from other processes B) when there are substantial quantities of units in process at the end of the period C) because it merges costs from the prior period with the current period D) because it is used by industries that do not experience significant cost changes
Being perceived as short-term is an example of which of the following?
a. advantage of internal consulting b. advantage of external consulting c. disadvantage of internal consulting d. disadvantage of external consulting
What is the probability of 2 or fewer breakdowns?
Two hundred simulation runs were completed using the probability of a machine breakdown from the table below. The average number of breakdowns from the simulation trials was 1.93 with a standard deviation of 0.20. No. of breakdowns per week Probability Cumulative probability 0 .10 .10 1 .25 .35 2 .36 .71 3 .22 .93 4 .07 1.00 A) .25 B) .35 C) .36 D) .71
The parties engaged in a collective bargaining process involve a(n):
a. employer and the labor inspector. b. labor inspector and an employee. c. employee and the employer. d. employee representative and the employer.