Acquired an Investment in IBM Stock for Cash of $15,000

question 85

Multiple Choice

Acquired an investment in IBM stock for cash of $15,000. What is the net cash provided (used) by investing activities?

• A)$15,000
• B)$33,000
• C)($7,000)
• D)$8,000

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Definitions:

Japanese Ports

Refers to the seaports of Japan, which became significant in the mid-19th century as Japan ended its period of national isolation and opened to international trade and influence.

Matthew Perry

A U.S. Navy Commodore who played a key role in opening Japan to the West with the Kanagawa Treaty in 1854, ending Japan's two centuries of isolation.

David Wilmot

A U.S. politician known for the Wilmot Proviso, an unsuccessful proposal aimed at banning slavery in territory acquired from Mexico.

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To officially ban or forbid the practice of slavery, making it illegal to own, buy, or sell humans as property.