Pound Coreported the Following Information at the End of 2016 and and 2017

question 201

Multiple Choice

Pound Co.reported the following information at the end of 2016 and 2017: $\begin{array} {l r r } &\underline { \mathbf { 2 0 1 6 } } & \underline { \mathbf { 2 0 1 7 } } \\ \text { Land}&\$ 35,000 & \$ 100,000 \\ \text { Common stock}&200,000 & 265,000 \end{array}$ An analysis of Pound's records indicated that there were no cash flow effects resulting from the changes in the two accounts presented above.How should Pound report the changes in these accounts on a statement of cash flows?

• A) Pound should report $65,000 for the acquisition of land as an investing activity and $65,000 for the issuance of stock as a financing activity.
• B) Pound should report $65,000 as a noncash investing and financing activity for the acquisition of land by issuing common stock.
• C) Pound should report the issuance of common stock to acquire land in the financing activity section with a net cash flow effect of zero.
• D) Pound should report the acquisition of land by issuing common stock in the investing activity section with a net cash flow effect of zero

Understand the terminology related to environmental pollution and protection efforts.

Identify the global organizations involved in environmental conservation and understand their priorities.

Understand the role and importance of the ozone layer in protecting living organisms.

Recognize the effects of global climate change beyond rising sea levels.

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Definitions:

Negative Externality

A cost that is suffered by a third party due to an economic transaction or activity.

Production

The act of merging diverse physical and non-physical inputs (including blueprints and skills) to produce goods for consumption.

Gasoline

A liquid fuel derived from petroleum, primarily used to power internal combustion engines in vehicles.

Private Value

The valuation of a good or service to an individual or entity, reflecting personal utility rather than market or societal value.