Shimko Corporation's Most Recent Comparative Balance Sheet and Income Statement

question 145

Multiple Choice

Shimko Corporation's most recent comparative balance sheet and income statement appear below: The company paid a cash dividend of $19 and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.The net cash provided by (used in) operating activities for the year was:

• A) $23
• B) $133
• C) $157
• D) $87

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Definitions:

Skewed Distribution

A statistical term describing an asymmetry in the frequency distribution of a set of data.

Withdrawals

The act of removing something from a place or instance of no longer participating or being involved in something.

Sampling Distribution

The probability distribution of a statistic (such as the mean or proportion) obtained through repeated sampling from a population.

Fair 6-sided Dice

A cube-shaped object with six faces, where each face shows a different number of dots from 1 to 6, designed to give an equal probability of landing on any face when thrown.