Wilburn Company Collected $100,000 from Customers and Paid Employees and Suppliers

question 97

Multiple Choice

Wilburn Company collected $100,000 from customers and paid employees and suppliers $90,000 during 20A. In addition, the company borrowed $30,000 from the bank and purchased equipment for $20,000. The company's 20A statement of cash flows would show which of the following?

• A) Decrease in cash of $20,000.
• B) Increase in cash of $30,000.
• C) Decrease in cash of $30,000.
• D) Increase in cash of $20,000.

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Definitions:

Dominant Strategy

In game theory, a strategy that is the best choice for a player, regardless of what strategies other players may choose.

Cable TV Market

The sector of the economy that deals with the provision and distribution of cable television services.

Noncooperative Equilibrium

In game theory, the equilibrium that results when all players choose the action that maximizes their payoffs given the actions of other players, ignoring the effect of that action on the payoffs of other players; also known as Nash equilibrium.

Cable TV Market

A sector of the economy that deals with the distribution and provision of cable television services to consumers.