Yowell Company Began Operations on January 1, Year 1

question 83

Multiple Choice

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $74,0002) borrowed $59,000 from its bank3) provided consulting services for $72,0004) paid back $32,000 of the bank loan5) paid rent expense for $17,5006) purchased equipment costing $29,0007) paid $4,700 dividends to stockholders8) paid employees' salaries for work completed during the year, $38,000
What is Yowell's net cash flow from operating activities?

• A)Inflow of $34,000
• B)Inflow of $16,500
• C)Inflow of $75,500
• D)Inflow of $11,800

---

Definitions:

Fundamental Attribution Error

The bias of attributing others' actions more to their character than to external factors, overlooking the influence of situational aspects.

Dispositional Traits

Enduring personality characteristics that influence behavior across different situations and over time.

False Consensus Effect

The cognitive bias whereby people tend to overestimate how much others agree with their own beliefs, attitudes, or behaviors.

Stimulus Overload Effect

A phenomenon where individuals experience stress or cognitive overload due to an excessive amount of stimuli to process.