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

question 76

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 were sold during the year. How much is the company's net cash provided(used) by investing activities?

• A) $7,000
• B) $60,000
• C) $18,000
• D) ($58,000)

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Definitions:

Observer Drift

A phenomenon that results in a different behavior being observed and recorded than the one originally targeted. Observer drift can occur even when a target behavior is operationally defined and solidly passes the stranger test.

Objectivity Lapse

A failure to maintain neutrality or impartiality, especially in making judgments or decisions.

Occurrence Subjectivity

The degree to which perceptions or analyses of events are influenced by personal feelings, tastes, or opinions.

Reactive Effects

The changes in behavior or responses that occur as a result of being observed or knowing that one is part of a study, often considered a form of bias.