During the Current Year, ABC Corporation Did Not Purchase Any

question 94

Multiple Choice

During the current year, ABC Corporation did not purchase any property, plant and equipment, but sold land with a book value of $6,000 for $12,000 cash and sold a delivery truck with a cost of $18,000, depreciation of $16,000, and an appraised value of $5,000 for $4,000.What is ABC's net cash flows provided by investing activities for the year?

• A)$8,000
• B)$11,000
• C)$16,000
• D)$24,000

---

Definitions:

Social Learning Theory

A theory that suggests individuals learn behaviors, norms, and values by observing and imitating others, especially those in socially influential positions.

Fixed Ratio

A reward system where a response is reinforced only after a specified number of correct responses.

Schedule of Reinforcement

A tactic in behavioral psychology determining how and when the occurrence of a desired behavior will be rewarded or punished.

Self-efficacy

Self-efficacy is the belief in one's own ability to accomplish tasks and overcome challenges, influencing motivation and performance.