In Preparing Titan Inc What Amount Should Be Reported on Titan, Inc

question 134

Multiple Choice

In preparing Titan Inc.'s statement of cash flows for the year ended December 31, 2015, the following amounts were available: $$\begin{array} { l r } \text { Collect note receivable } & \$ 410,000 \\\text { Issue bonds payable } & 426,000 \\\text { Purchase treasury stock } & 200,000\end{array}$$ What amount should be reported on Titan, Inc.'s statement of cash flows for investing activities?

• A) $410,000
• B) $210,000
• C) $836,000
• D) $226,000

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Definitions:

Representativeness Heuristic

A cognitive short-cut in which instances are assigned to categories or types on the basis of overall similarity or resemblance to the category.

Induced Compliance

A special case of cognitive dissonance: inconsistency is experienced when a person is persuaded to behave in a way that is contrary to an attitude.

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Inoculation

A way of making people resistant to persuasion. By providing them with a diluted counter-argument, they can build up effective refutations to a later, stronger argument.