Alcoser Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$34 $29 Accounts receivable 32 36 Inventory 53 66 Property, plant, and equipment 554 480 Less accumulated depreciation 208 206 Total assets$465 $405 Liabilities and stockholders' equity: Accounts payable$41 $50 Accrued liabilities 17 16 Income taxes payable 28 30 Bonds payable 217 200 Common stock 75 70 Retained earnings 87 39 Total liabilities and equity$465 $405 ?Net income for the year was $60. Cash dividends were $12. 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:
A. $69
B. $51
C. $86
D. $9
Answer: A
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