Solved

Cezar Corporation's Comparative Balance Sheet Appears Below: the Company

Question 32

Multiple Choice

Cezar Corporation's comparative balance sheet appears below: Cezar Corporation's comparative balance sheet appears below:   The company did not dispose of any property,plant,and equipment during the year.Its net income for the year was $10,000 and its cash dividends were $4,000.The company did not retire any bonds payable or issue any common stock during the year.Its net cash provided by operating activities and net cash used in financing activities are: A) net cash provided by operating activities,$35,000;net cash used in financing activities,$8,000 B) net cash provided by operating activities,$35,000;net cash used in financing activities,$4,000 C) net cash provided by operating activities,$39,000;net cash used in financing activities,$8,000 D) net cash provided by operating activities,$39,000;net cash used in financing activities,$4,000 The company did not dispose of any property,plant,and equipment during the year.Its net income for the year was $10,000 and its cash dividends were $4,000.The company did not retire any bonds payable or issue any common stock during the year.Its net cash provided by operating activities and net cash used in financing activities are:


A) net cash provided by operating activities,$35,000;net cash used in financing activities,$8,000
B) net cash provided by operating activities,$35,000;net cash used in financing activities,$4,000
C) net cash provided by operating activities,$39,000;net cash used in financing activities,$8,000
D) net cash provided by operating activities,$39,000;net cash used in financing activities,$4,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions