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

question 12

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 used in Jamison's 2015 investing activities was

• A) $2,320,000.
• B) $1,820,000.
• C) $1,680,000.
• D) $1,720,000.

---

Definitions:

Violence Theory

A theoretical framework that seeks to explain the causes, types, and consequences of violent behavior among individuals or groups.

Repentance

The act of feeling remorse or contrition for past misconduct, often accompanied by commitments to change behavior.

Honeymoon Phase

A period at the beginning of a relationship, job, or other new situation where everything seems perfect and conflicts or problems have not yet appeared.

Batterer Intervention Programs

Structured programs designed to address and change the behavior of individuals who have committed domestic violence.