Patricio Co

question 63

Multiple Choice

Patricio Co. reported $10,000 cash used in the operating activities section of the Statement of Cash Flows and the following data: depreciation expense $10,000; an accounts payable increase of $12,000; a $3,000 decrease in accounts receivable; an increase in wages payable of $8,000; and a $15,000 gain on the sale of long-term investments. Patricio Co.'s net income/loss for the period was

• A) $8,000 income.
• B) $28,000 loss.
• C) $38,000 loss.
• D) $2,000 income.

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Definitions:

Influence Attempt

An effort made by an individual or group to change the behavior, opinions, or decisions of others through persuasion or coercion.

Levels of Response

The degrees or stages of reaction or feedback provided in various situations.

Power

The ability or capacity to influence or control the behavior of others, often based on position, resources, or personal traits.

Bases of Power

The foundations from which an individual or group derives their ability to influence others, usually classified into categories like coercive, reward, legitimate, expert, and referent power.