The Following Additional Information Is Available from the Financial Statements

question 6

Multiple Choice

The following additional information is available from the financial statements of Garfield Industries: $\begin{array}{lr}\text { Amortization Expense } & \$ 3,000 \\\text { Purchase of building for cash } & 270,000 \\\text { Depreciation Expense } & 108,000 \\\text { Increase in Accounts Receivable } & 30,000 \\\text { Increase in Bonds Payable } & 500,000 \\\text { Increase in Common Stock } & 120,000 \\\text { Increase in Inventory } & 86,000 \\\text { Decrease in Accounts Payable } & 136,000 \\\text { Increase in Salaries and Wages Payable } & 50,000 \\\text { Cash dividends paid } & 200,000 \\\text { Net income } & 584,000\end{array}$ What is Garfield's net cash provided by operating activities?

• A)$526,000
• B)$570,000
• C)$792,000
• D)$736,000

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Definitions:

Nash Equilibrium

In game theory, the result of all players’ playing their best strategy given what their competitors are doing.

Maximin Strategy

A decision rule used in situations of uncertainty to maximize the minimum gain or to minimize the maximum loss.

Equilibrium

A state in a market or economy where supply equals demand, resulting in stable prices and quantities.

Maximin Strategy

A decision-making rule used in situations with uncertainty to maximize the minimum gain that can be achieved.