Selected Data for Kris Corporation's Comparative Balance Sheets for Year

question 28

Multiple Choice

Selected data for Kris Corporation's comparative balance sheets for Year 1 and Year 2 are as follows:
$\begin{array}{lrr}\text { Assets } & \text { Year 1 } & \text { Year 2 }\\\hline \text { Cash } & \$ 100,000 & (\$ 50,000) \\\text { Accounts receivable (net) } & 50,000 & 100,000 \\\text { Inventory } & 100,000 & 250,000 \\\text { Equipment (net) } & \$ 300,000 & \underline{350,000} \\{\text { Total assets }} & \$ 550,000 & \$ 650,000\\\\\text { Liabilities and Equity }\\\text { Accounts payable } & \$ 150,000 & \$ 100,000 \\\text { Income taxes payable } & 80,000 & 30,000 \\\text { Bonds payable } & 100,000 & 80,000 \\\text { Common stock } & 100,000 & 200,000 \\\text { Retained earnings } & 120,000 & 240,000 \\\quad \text { Total liabilities and Equity } & \$ 550,000 & \$ 650,000\\\\\text { A brief income statement for Year } 2 \text { shows the }\\\text { following: }\\\text { Sales }&&\$900,000\\\text { Cost of goods sold } & \$ 500,000 \\\text { Operating expenses } & 100,000 \\\text { Depreciation } & 50,000 \\\text { Income tax expense } & 100,000&750,000 \\\text { Net Income }&&\$150,000\end{array}$
-What are Kris' cash flows from investing activities for Year 2?

• A)$0
• B)$100,000 inflow
• C)$100,000 outflow
• D)$350,000 outflow

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Definitions:

Olfactory Bulb

A structure in the forebrain involved in olfaction, or the sense of smell, where odor information from the nose is processed and sent to the brain.

Concentration

Amount of solute per unit volume of a solution.

Cones

Photosensitive cells located in the retina of the eye, responsible for color vision and the ability to perceive fine details.

Fovea

The fovea is a small depression in the retina of the eye where visual acuity is highest. It is densely packed with cones and is crucial for detailed vision.