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?

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Definitions:

Operational Efficiency

The capability of an organization to deliver products or services in a cost-effective manner while ensuring high quality.

Public Interest

The welfare or well-being of the general public and society as a whole.

Proprietorship

A type of business ownership where the business is owned and run by one individual who has full control and responsibility.

Single Individual

A term referring to one person, often used in the context of single-person households or individual decision-making.