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TB MC Qu. 14-98 Krech Corporation's comparative.. Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: $ 36,300 $ 53,000 29,000 102,00e 16,400 Cash and cash equivalents Accounts receivable 42,000 Inventory Prepaid expenses 89,000 12,200 179,500 200, 40e 638,000 Total current assets Property, plant, and equipment Less accumulated depreciation 618,000 278,100 339,900 319,000 319,000 $519,400 Net property, plant, and equipment Total assets $519,400 Liabilities and stockholders' equity: Current liabilities: $ 48,200 Accounts payable Accrued liabilities $ 31,000 108,eee 124,000 263,00e 117,000 380,000 74,000 Income taxes payable Total current liabilities 122,000 244, 200 142,000 386, 200 Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity 72,000 61,200 133,200 48,00e 91,400 139,400 Total liabilities and stockholders' equity $519,400 $519,400 The company's net income (loss) for the year was $(15,100) and its cash dividends were $15,100. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash provided by (used in) operating activities is:

TB MC Qu. 14-98 Krech Corporation's comparative.. Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: $ 36,300 $ 53,000 29,000 102,00e 16,400 Cash and cash equivalents Accounts receivable 42,000 Inventory Prepaid expenses 89,000 12,200 179,500 200, 40e 638,000 Total current assets Property, plant, and equipment Less accumulated depreciation 618,000 278,100 339,900 319,000 319,000 $519,400 Net property, plant, and equipment Total assets $519,400 Liabilities and stockholders' equity: Current liabilities: $ 48,200 Accounts payable Accrued liabilities $ 31,000 108,eee 124,000 263,00e 117,000 380,000 74,000 Income taxes payable Total current liabilities 122,000 244, 200 142,000 386, 200 Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity 72,000 61,200 133,200 48,00e 91,400 139,400 Total liabilities and stockholders' equity $519,400 $519,400 The company's net income (loss) for the year was $(15,100) and its cash dividends were $15,100. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash provided by (used in) operating activities is:

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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TB MC Qu. 14-98 Krech Corporation's comparative .. Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: $ 36,300 $ 53,000 29,000 Cash and cash equivalents Accounts receivable 42, ее Inventory 102,000 89,000 Prepaid expenses 16,400 12,200 Total current assets 200,400 179,500 Property, plant, and equipment Less accumulated depreciation 638,000 618,000 319,000 278,100 Net property, plant, and equipment 319,000 339,900 Total assets $519,400 $519,400 Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities $ 48, 200 $ 31,000 74,000 108,000 Income taxes payable 122,000 124,000 Total current liabilities 244, 200 263,000 Bonds payable 142,000 117,000 Total liabilities 386, 200 380,000 Stockholders' equity: Common stock 72,000 48,000 Retained earnings 61, 200 91,400 Total stockholders' equity 133, 200 139,400 $519,400 $519,400 Total liabilities and stockholders' equity The company's net income (loss) for the year was $(15,100) and its cash dividends were $15,100. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash provided by (used in) operating activities is:
Transcribed Image Text:TB MC Qu. 14-98 Krech Corporation's comparative .. Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: $ 36,300 $ 53,000 29,000 Cash and cash equivalents Accounts receivable 42, ее Inventory 102,000 89,000 Prepaid expenses 16,400 12,200 Total current assets 200,400 179,500 Property, plant, and equipment Less accumulated depreciation 638,000 618,000 319,000 278,100 Net property, plant, and equipment 319,000 339,900 Total assets $519,400 $519,400 Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities $ 48, 200 $ 31,000 74,000 108,000 Income taxes payable 122,000 124,000 Total current liabilities 244, 200 263,000 Bonds payable 142,000 117,000 Total liabilities 386, 200 380,000 Stockholders' equity: Common stock 72,000 48,000 Retained earnings 61, 200 91,400 Total stockholders' equity 133, 200 139,400 $519,400 $519,400 Total liabilities and stockholders' equity The company's net income (loss) for the year was $(15,100) and its cash dividends were $15,100. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash provided by (used in) operating activities is:
Multiple Choice $10,700 $46,000 $2,800 $33,000
Transcribed Image Text:Multiple Choice $10,700 $46,000 $2,800 $33,000
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