Lueckenhoff Corporation\'s most recent balance sheet appears below: The company\

Question

Lueckenhoff Corporation's most recent balance sheet appears below:

The company's net income for the year was $218 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $48. The net cash provided by (used in) operating activities for the year was:

Lueckenhoff Corporation's most recent balance sheet appears below:

The company's net income for the year was $218 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $48. The net cash provided by (used in) operating activities for the year was:

Lueckenhoff Corporation Comparative Balance Sheet EndingBeginning Balance Balance Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant and equipment Less: accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 39 49 79 740 284 $623 $28 47 67 672 211 $603 $32 412 67 112 $623 $ 29 573 59 (58) $603

Explanation / Answer

cash flow from operating activities Net income 218 add depreciation 73 net income before depreciation 291 increase in accounts receivables -2 increase in inventory -12 increase in accounts payable 3 net increase or decrease in current assets and liabilities -11 Cash flow from financing activities 280

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