Exhibit 22-3 the Balance Sheet Accounts and Other Information Related $\$ 40,000$

question 40

Multiple Choice

Exhibit 22-3 The balance sheet accounts and other information related to those accounts are presented below for Tony Company:
Additional information related to 2011 activities:
1. Net loss for 2011 was $\$ 40,000$ .
2. Cash dividends of $\$ 12,000$ were declared and paid in 2011.
3. 4,000 shares of comunon stock were issued to bonchalders converting bonds payable into common stock.
4. A long-term investment was sold for $\$ 100,000$ cash
5. Equipment costing $\$ 100,000$ and having accumulated depreciation of $\$ 30,000$ was sold for $\$ 50,000$ cash

- Refer to Exhibit 22-3.Net cash provided (used) in the investing activities section of Tony's 2011 statement of cash flows was

• A)$ 0
• B)$(150, 000)
• C)$ (50, 000)
• D)$ 150, 000

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Definitions:

Intermarriage

The marriage between individuals of different racial, ethnic, religious, or social groups.

Owned No Slaves

Pertains to individuals or entities that did not engage in the ownership of slaves, particularly relevant in historical contexts where slavery was institutionalized.

Emancipation

refers to the process of being freed from legal, social, or political restrictions; historically associated with the freeing of slaves.

Kinship Ties

The relationships among individuals brought together through blood, marriage, or adoption, forming the basis of family connections and social networks.