Question

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Cash and cash equivalents	$	103		$	45
Accounts receivable		57			60
Inventory		77			113
Property, plant, and equipment		650			558
Less accumulated depreciation		256			230
Total assets	$	631		$	546
Liabilities and stockholders' equity:
Accounts payable	$	65		$	74
Accrued liabilities		41			40
Income taxes payable		28			52
Bonds payable		253			224
Common stock		99			93
Retained earnings		145			63
Total liabilities and equity	$	631		$	546

Net income for the year was $109. Cash dividends were $27. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) operating activities for the year was:

Answer 1

Assumption: Net Income is before tax. In order to verify the answer , we can have financing & investing activities cash and add it in opening balance of cash & cash eqquivalents, then we should get the closing balance of cash & cash equivalents.
cash from Investing activities: (92), Cash from financing activities: (27)+29+6: 8. So Net CF : 142+8+(92):58, So Opening cash 45 Add 58, we got: 103. Verified.

Net cash from operating activities

Net income :	109
Adjustments from net income to net cash from operating activities:
Depreciation and amortization	26
Changes in operating Assets & liabilities:
Inventories	36
Account Receivable	3
Account payables	(9)
Accrued Liabilities	1
Income Tax Paid	(24)
Net cash provided by(used in) operating Activities	142