(Appendix 14A) the Change in Each of Kendall Corporation's Balance

question 30

Multiple Choice

(Appendix 14A) The change in each of Kendall Corporation's balance sheet accounts last year follows:
Kendall Corporation's income statement for the year was:
There were no sales or retirements of property, plant, and equipment and no dividends paid during the year. The company pays no income taxes and it did not purchase any long-term investments, issue any bonds payable, or repurchase any of its own common stock. The net cash provided by (used in) operating activities on the statement of cash flows is determined using the direct method.
-The net cash provided by (used in) financing activities would be:

• A) $(8,000)
• B) $(13,000)
• C) $20,000
• D) $(3,000)

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Definitions:

Investors

Individuals or institutions that allocate capital with the expectation of receiving financial returns, encompassing various types such as retail and institutional investors.

Retained Earnings

The portion of a company's profit kept in the business after dividends are paid, used for reinvestment or paying down debt.

New Equity

The issuance of additional shares of stock by a company to investors, typically to raise capital for business expansion or operational needs.

Board of Directors

The board of directors is a group of individuals elected by shareholders to oversee the management and governance of a corporation.