Use the Following Information for Questions 106 Through 108 $\bullet$ Net Income for 2015 Was $1,300,000

question 108

Multiple Choice

Use the following information for questions 106 through 108.
Jamison Corp.'s balance sheet accounts as of December 31, 2015 and 2014 and information relating to 2015 activities are presented below. Information relating to 2015 activities:
$\bullet$ Net income for 2015 was $1,300,000.
$\bullet$ Cash dividends of $400,000 were declared and paid in 2015.
$\bullet$ Equipment costing $1,000,000 and having a carrying amount of $320,000 was sold in 2015 for $360,000.
$\bullet$ A long-term investment was sold in 2015 for $320,000. There were no other transactions affecting long-term investments in 2015.
$\bullet$ 20,000 shares of common stock were issued in 2015 for $25 a share.
$\bullet$ Short-term investments consist of treasury bills maturing on 6/30/16.
-Net cash provided by Jamison's 2015 operating activities was

• A) $1,300,000.
• B) $1,920,000.
• C) $1,880,000.
• D) $1,960,000.

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Definitions:

Impulsive

Characterized by actions taken suddenly without foreseeing the consequences, often based on immediate desires or reactions.

Dramatic

Characterized by exciting, emotional, or unexpected events or circumstances.

Antisocial Personality Disorder

A mental health disorder characterized by a long-term pattern of manipulating, exploiting, or violating the rights of others.

Emotional Intelligence

The capacity to identify, comprehend, control, and logically interact with one's own emotions and those of other people.