Selected Information from the 2018 and 2017 Accounting Records of Hinley

question 79

Multiple Choice

Selected information from the 2018 and 2017 accounting records of Hinley Roofing is provided below: $\begin{array}{lcc}&\text { Decem ber 31, }\\&2018&2017\\\text { Net cash provided (used) by operations } & \$ 38,000 & \$ 39,000 \\\text { Net cash provided (used) by investing activities } & (22,000) & 14,000 \\\text { Net cash provided (used) by financing activities } & (15,000) & (26,000) \\\text { Cash balance at end of year } & ? & 15,000\end{array}$ At the end of 2018, how much is Riddle's cash balance?

• A)$16,000
• B)$40,000
• C)$28,000
• D)$43,000

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Definitions:

Ingroup

A social group to which a person psychologically identifies as being a member, often leading to favoritism towards ingroup members and discrimination against outgroup members.

Self-serving Bias

The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.

University Experience

University experience encompasses the academic, social, and personal development opportunities and challenges encountered while attending a university.

Ingroup

A group to which an individual feels a sense of membership, belonging, and identity.