Business, 22.11.2021 14:00, jyepez

The following financial information is available for Ligutti Company: 20X3 20X2

Cash and cash equivalents $ 18,000 $15,000

Accounts receivable 25,000 22,000

Buildings 108,000 45,000

Accumulated depreciation (20,000) (16,000)

Land 10,000 40,000

$141,000 $106,000

Accounts payable $ 31,000 $22,000

Long-term notes payable 50,000 20,000

Common stock 30,000 50,000

Retained earnings 30,000 14,000

$141,000 $106,000

Additional information:

Net income for 20X3 was $25,000.
No buildings were sold during 20X3.
Dividends declared during the year were paid in cash during the year.
All building purchases made during 20X3 were made with cash.

What was the net cash provided by (used in) financing activities?

-$20,000
$10,000
-$29,000
$41,000
none of these

Answers: 2

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The following financial information is available for Ligutti Company: 20X3 20X2

Cash a...