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Use the Following Information for Questions 24-25

question 58

Multiple Choice

Use the following information for questions 24-25.
Malcolm Corp.'s statements of financial position at December 31, 2020 and 2019 and information relating to 2020 activities are presented below: Use the following information for questions 24-25. Malcolm Corp.'s statements of financial position at December 31, 2020 and 2019 and information relating to 2020 activities are presented below:   Other information relating to 2020 activities: 1. Net income was $ 375,000. 2. Cash dividends of $ 150,000 were declared and paid. 3. Equipment costing $ 250,000, with a book value of $ 80,000, was sold for $ 90,000. 4. A long-term investment was sold for $ 80,000. There were no other transactions affecting long-term investments. 5. 5,000 common shares were issued for $ 25 a share. 6. Temporary investments consist of treasury bills maturing on June 30, 2021. -The cash provided by financing activities in 2020 was A)  $ 420,000. B)  $ 270,000. C)  $ 130,000. D)  $ 120,000. Other information relating to 2020 activities:
1. Net income was $ 375,000.
2. Cash dividends of $ 150,000 were declared and paid.
3. Equipment costing $ 250,000, with a book value of $ 80,000, was sold for $ 90,000.
4. A long-term investment was sold for $ 80,000. There were no other transactions affecting long-term investments.
5. 5,000 common shares were issued for $ 25 a share.
6. Temporary investments consist of treasury bills maturing on June 30, 2021.
-The cash provided by financing activities in 2020 was

Comprehend how exceptions can be defined and used to control program flow.
Understand the importance of the order of catch blocks.
Recognize common methods of the Throwable class and their usage.
Appreciate the implications of using exception handling for program reliability.

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