Harnett Enterprises Had a Net Loss of $14,000 in 2014

question 23

Multiple Choice

Harnett Enterprises had a net loss of $14,000 in 2014. Dividends of $15,000 were declared and paid during the year and the company reported depreciation expense of $15,000. Changes in the following selected accounts occurred during the year: $$\begin{array} { l c } & \text { Increase/(Decrease } ) \\\text { Accounts receivable } & (\$ 3,000) \\\text { Long-term investments } & 16,000 \\\text { Interest payable } & (2,000) \\\text { Notes payable } & 65,000 \\\text { Property, plant, and equipment } & 42,000\end{array}$$ No property, plant, and equipment items were sold during the year. How much is the company's net cash provided/(used) by financing activities?

Evaluate the completeness and accuracy of accounting records.

Understand the impact of transactions on owner's equity and net income.

Recognize the subdivisions of owner's equity.

Identify and correct common errors in accounting entries.

---

Definitions:

Nursing Diagnosis

A clinical judgment about individual, family, or community responses to actual or potential health problems/life processes, which provides the basis for selecting nursing interventions.

Mental Status Examination

A structured assessment of a patient's level of cognitive functioning, including appearance, behavior, mood, and thought processes.

Fever and Vomiting

Symptoms that together may indicate an infection, intoxication, or other conditions requiring medical evaluation.

Cognition

The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.