Illies Corporation's Comparative Balance Sheet Appears Below: the Company

question 214

Multiple Choice

Illies Corporation's comparative balance sheet appears below: The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $5,000 and its cash dividends were $4,000. The company did not issue any bonds payable or purchase any of its own common stock during the year. Its net cash provided by (used in) operating activities and net cash provided by (used in) financing activities are:

• A) net cash provided by (used in) operating activities, $33,000; net cash provided by (used in) financing activities, $(1,000)
• B) net cash provided by (used in) operating activities, $35,000; net cash provided by (used in) financing activities, $(7,000)
• C) net cash provided by (used in) operating activities, $33,000; net cash provided by (used in) financing activities, $(7,000)
• D) net cash provided by (used in) operating activities, $35,000; net cash provided by (used in) financing activities, $(1,000)

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Definitions:

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Primary Groups

are small, close-knit, and usually long-term social groups where members share direct, personal, and significant relationships, providing emotional and social support to each other.

Intimate Relations

Personal and deeply connected relationships between individuals, often characterized by affection, love, trust, and understanding.

McDonaldization

A term used to describe the process by which the principles of the fast-food restaurant are coming to dominate more sectors of society and the world, characterized by efficiency, calculability, predictability, and control through technology.