Question

48. The balance sheet for Blineberry Corporation​ follows:

	Ending balance	Beginning balance
​Assets:
Current​ assets:
Cash and cash equivalents	$20,700	​$12,200
Accounts receivable	​$10,100	​$8,400
Inventory	​$39,700	​$38,600
Total current assets	$70,500	​$59,200
​Property, plant, and equipment	​$144,050	​$135,500
Less accumulated depreciation	$102,700	​$95,200
Net​ property, plant, and equipment	$41,350	​$40,300
Total assets	$111,850	​$99,500
Liabilities and​ stockholders' equity:
Current​ liabilities:
Accounts payable	$14,600	​$9,500
Accrued salaries payable	$15,800	​$12,100
Other accounts payable	​$1,200	​$6,300
Notes payable	​$1,500	​$7,500
Total current liabilities	$33,100	​$35,400
Long−term Debt	$35,300	​$31,400
Deferred income taxes	$5,700	​$3,200
Total long−term liabilities	$41,000	​$34,600
​Stockholders' equity:
Common stock	$25,150	​$17,800
Retained earnings	$12,600	​$11,700
Total​ stockholders' equity	$37,750	​$29,500
Total liabilities and​ stockholders' equity	$111,850	​$99,500

Operating income during the period was

$ 24 comma 000$24,000​,

while cash dividends paid were

$ 23 comma 100$23,100.

The total sources of cash at Blineberry Corporation during the year was

A.

$$8,500.

B.

$ $6,050.

C.

$ $54,050.

D. $46,550.

Answer 1

The correct answer is $ 8500

Explanation

Cash from total sources = ending cash and cash equivalents -beginning cash and cahs equivalents

= $ 20700 -12200

=$ 8500

Thus the correct answer is $ 8500