Pinecrest Company Use the Selected Data from Pinecrest Company's Financial Statements to Statements

question 21

Multiple Choice

Pinecrest Company
Use the selected data from Pinecrest Company's financial statements to answer the following question.
-Refer to the data for Pinecrest Company.
Which of the following statements is true?

• A)Net income must be at least $36,000 for 2016.
• B)Net income must be less than $36,000 for 2016.
• C)Cash flows from operating activities is twice as large as net income for 2016.
• D)The amount of net income for 2016 cannot be determined based on the data provided.

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Definitions:

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief, behavior, or reasoning.

Rationalization

The process of justifying behaviors or decisions with logical, plausible reasons, often to conceal the true motives or feelings.

Unethical Behavior

Actions or practices that are morally wrong or violate societal norms or professional standards.

Organizational Culture

The shared values, beliefs, and practices that shape how an organization's members interact and work together.