Hirshberg Corporation's Comparative Balance Sheet Appears Below

question 68

Multiple Choice

Hirshberg Corporation's comparative balance sheet appears below:
The company's net income for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year.
-The company's net cash provided by (used in) operating activities is:

• A) $48,000
• B) $18,000
• C) $40,000
• D) $52,000

---

Definitions:

Good X

An unspecified product or commodity in economics, used in theoretical models and discussions.

Producer Surplus

The difference between the actual price producers receive for a product and the minimum price they would accept.

Supply Curve

A graphical representation of the relationship between the price of a good and the quantity supplied by producers.

Value

The importance or worth that is attached to something by individuals or society, often reflected in what people are willing to exchange or pay for it.