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

question 36

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) investing activities would be:

• A) $15,000
• B) $(10,000)
• C) $(8,000)
• D) $5,000

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Definitions:

Saturated Fatty Acid

A type of fatty acid where all carbon atoms are bonded to hydrogen atoms, without any double bonds.

Lecithin

A fatty substance found in plant and animal tissues, used as an emulsifier in food products, as well as in pharmaceutical and cosmetic formulations.

Triglyceride

A type of fat (lipid) found in your blood, made up of three fatty acids and glycerol.

Wax

A lipid composed of long-chain fatty acids and alcohols that is hydrophobic and malleable at ambient temperatures.