Asked by Eliza Howard on Jun 04, 2024
Verified
Brew Corporation's most recent comparative balance sheet and income statement appear below: Cash dividends were $37.The company did not retire or sell any property, plant, and equipment during the year.The net cash provided by (used in) operating activities for the year was:
A) $185
B) $51
C) $83
D) $191
Cash Dividends
Payments made by a corporation to its shareholder members out of its earnings. It represents a share of corporate profits.
Property, Plant, Equipment
Long-term tangible assets used in the operation of a business and not intended for resale.
Operating Activities
Operating activities relate to the primary business activities of a company, such as production, distribution, and marketing, which generate revenue and expenses reflected in the income statement.
- Acquire insight into the association between net profits and the net cash flow originating from (or utilized in) operating activities.
- Assess the influence of cash dividends, equipment dealings, and income tax payments on cash flow.
Verified Answer
Learning Objectives
- Acquire insight into the association between net profits and the net cash flow originating from (or utilized in) operating activities.
- Assess the influence of cash dividends, equipment dealings, and income tax payments on cash flow.
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