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    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
    Assets:
    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:

    ($123)
    $6
    ($82 )
    $35.

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    https://brainmass.com/business/accounting/net-cash-provided-financing-activities-218658

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    The net cash provided by (used by) financing activities for the year was:
    =Increase in Debt+Increase ...

    Solution Summary

    This provides the steps to calculate the net cash provided by (used by) financing activities.

    $2.19

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