Mccloe Corporation's balance sheet and income statement appear below: Mccloe Corporation Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $68 $48
Accounts receivable 62 67
Inventory 88 67
Property, plant and equipment 585 570
Less: accumulated depreciation 273 267
Total assets $530 $485

Liabilities and stockholders' equity:
Accounts payable $81 $62
Accrued liabilities 54 33
Income taxes payable 62 62
Bonds payable 89 154
Common stock 57 47
Retained earnings 187 127
Total liabilities and stockholders' equity $530 $485

Income Statement:
Sales $681  
Cost of goods sold 425  
Gross margin 256  
Selling and administrative expenses 188  
Net operating income 68  
Gain on sale of plant and equipment 30  
Income before taxes 98  
Income taxes 36  
Net income $62 

Cash dividends were $2. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was:

$57

Explanation:

Repayment of bond = Beginning balance - Ending balance

Repayment of bond = $154 - $89

Repayment of bond = $65 (Outflow)

Increase in common stock = Beginning balance - Ending balance

Increase in common stock = $57 - $47

Increase in common stock = $10 (Inflow)

Dividend paid = $2 (Outflow)

Net cash used in financing activities = Repayment of bond + Dividend paid - Increase in common stock

Net cash used in financing activities = $65 + $2 - $10

Net cash used in financing activities = $57

So, the net cash provided by (used in) financing activities for the year was $57.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer founder's agreement;