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(Solved) (Latest ver. Aug 2020) - Net cash provided by (used by) financing activities

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Question 33: Hanna Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Cash and cash equivalents $ 55 $ 44
Accounts receivable 55 50
Inventory 73 64
Plant and equipment 641 450
Accumulated depreciation ( 331) ( 345)
Total assets $493 $263

Liabilities and stockholders' equity:
Accounts payable $ 38 $ 51
Long-term debt 324 289
Common stock 35 29
Retained earnings 96 ( 106)
Total liabilities and stockholders' equity $493 $263

The net income for the year was $75. Cash dividends were $123. The net cash provided by (used by) financing activities for the year was:

($82 )


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