Stormer Company Reports the Following Amounts on Its Statement of Cash

question 78

Multiple Choice

Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $28,000;net cash used in investing activities was $10,000 and net cash used in financing activities was $12,000.If the beginning cash balance is $5,000,what is the ending cash balance?

• A)$55,000.
• B)$45,000.
• C)$31,000.
• D)$6,000.
• E)$11,000.

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Definitions:

Prototype Matching

A cognitive process where new items are compared to an idealized or average category member to make recognition or classification decisions.

Gibson's Theory

A theory of perception that emphasizes the importance of environmental affordances and direct perception, proposed by psychologist James Gibson.

Directly Perceive

The process by which sensory information is immediately registered and understood without the need for conscious thought or interpretation.

Affordances

The opportunities or possibilities for action provided by a particular environment or object.