16) Klicker Corporation\'s most recent balance sheet appears below Comparative B

Question

16) Klicker Corporation's most recent balance sheet appears below Comparative Balance Sheet Ending Balance Beginning Balance Cash and cash equivalents 527 Accounts receivable Total current assets Property, plant, and equipment 205 Net property. plant, and equipment 370 275 Total assets $495 Liabiies and stockholders' equity Current liabiites $38 Accrued lablities 28 Income tases payable Total current labilies 120 Bonds payable 204 Stockholders equity Retained eamings otal steckholders equity otal liabilities and stockholders equity The company's net income for the year was $152 and it did not issue any bonds or repurchase any of its common stock during the year. Cash dividends were $40. The net cash provided by (used in) financing activities for the year was:

Explanation / Answer

Calculate net cash provided (used) by financing activities :

Cash flow from financing activities Dividend paid (40) Repaid bonds payable (13) Issue common stock 4 Net cash used by financing activities (49)

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