The Following Events Occurred Last Year for the Cart Corporation

question 5

Multiple Choice

The following events occurred last year for the Cart Corporation: Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows was:

• A)$12,000
• B)$24,000
• C)$20,000
• D)$49,000

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Definitions:

Artifacts

Artifacts in an organizational context are tangible elements like physical layout, language, rituals, and technologies that represent the culture of an organization.

Observable Symbols

Tangible or visible indicators that represent abstract concepts, values, or identities within a culture or organization.

Organizational Culture

The collective norms, values, and beliefs that define and shape a company's work environment and employee behavior.

Assumptions

Assumptions are underlying beliefs or ideas that people take for granted without verification.