ABC Inc Has $100 in Cash on Its Balance Sheet at at the End

question 81

Multiple Choice

ABC Inc. has $100 in cash on its balance sheet at the end of 2017. During 2018, the firm issued $450 in common stock, reduced its notes payable by $40, purchased fixed assets in the amount of $750, and had cash flows from operating activities of $315. How much cash did ABC Inc. have on its balance sheet at the end of 2018?

• A) $75
• B) $140
• C) $225
• D) −$25

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Definitions:

Treatment Types

The different conditions or interventions applied in an experimental study to examine their effects on the outcomes of interest.

Omnibus Test

A type of statistical test used to evaluate whether there are overall differences among multiple groups for a given variable.

ANOVA

Short for Analysis of Variance, a statistical method used to compare means of three or more samples, testing whether at least one group differs significantly from others.