Nelson Company Experienced the Following Transactions During Year 1, Its

question 91

Multiple Choice

Nelson Company experienced the following transactions during Year 1, its first year in operation.Acquired $7,400 cash by issuing common stock.Provided $3,700 of services on account.Paid $1,950 cash for operating expenses.Collected $2,600 of cash from customers in partial settlement of its accounts receivable.Paid a $170 cash dividend to stockholders.What is the amount of net cash flows from operating activities that will be reported on the Year 1 statement of cash flows?

• A)$1,750
• B)$340
• C)$1,580
• D)$650

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Definitions:

Immediate Reinforcement

The prompt delivery of a reward or punishment following a behavior, which increases the likelihood of that behavior's recurrence.

Spontaneous Recovery

The reappearance of a conditioned response after a period of lessened response or no exposure to the conditioned stimulus.

Fixed-ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, often used in behavior therapy and training.

Variable-interval

A variable-interval schedule in psychology refers to a reinforcement strategy where a response is rewarded after an unpredictable amount of time has passed.