Exhibit 22-1 Walters Company Provided the Following Information Relating to Patents

question 28

Multiple Choice

Exhibit 22-1 Walters Company provided the following information relating to patents for 2010:
$\begin{array}{ll}\text { Balance, } 1 / 1 / 2010 & \$ 4,800 \\\text { Purchase of } 10 \text {-year life patent for cash } & 2,000 \\\text { Sale of patent at book value } & (1,400) \\\text {Amortization of patents}&(290) \\\text {Balance, 12/31/2010}&\$5,110\end{array}$


-Refer to Exhibit 22-1.The Cash Flows from Investing Activities section would include a net change related to patents of

• A)$(600)
• B)$(310)
• C)$ 310
• D)$ 600

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Definitions:

Ostracism

The social exclusion of individuals or groups by wider society or smaller groups within it.

Ridicule

The act of mocking, deriding, or making fun of someone or something, often with the intent to belittle or demean.

Bureaucratic Inertia

The tendency of bureaucratic organizations to resist change and continue with established procedures, even in the face of new challenges or needs.

Sociological Criticism

Analyzing and critiquing social phenomena from a sociological perspective, often questioning underlying societal norms and structures.