Illies Corporation's Comparative Balance Sheet Appears Below: the Company

question 126

Multiple Choice

Illies Corporation's comparative balance sheet appears below: The company did not dispose of any property, plant, and equipment during the year.Its net income for the year was $5,000 and its cash dividends were $4,000.The company did not issue any bonds payable or purchase any of its own common stock during the year.Its net cash provided by (used in) operating activities and net cash provided by (used in) financing activities are:

• A)net cash provided by (used in)operating activities, $33,000; net cash provided by (used in)financing activities, $(1,000)
• B)net cash provided by (used in)operating activities, $35,000; net cash provided by (used in)financing activities, $(7,000)
• C)net cash provided by (used in)operating activities, $33,000; net cash provided by (used in)financing activities, $(7,000)
• D)net cash provided by (used in)operating activities, $35,000; net cash provided by (used in)financing activities, $(1,000)

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Definitions:

Norm Of Reciprocity

A social norm that dictates that a favor should be repaid in kind, fostering cooperation and social bonds.

Informational Social Influence

The process by which individuals change their attitudes or behavior to align with those of a group, due to the desire to be correct or to understand the proper way to act.

Norm Of Reciprocity

A social norm that expects individuals to respond to each other with equivalent actions, such as returning favors or responding to hostility in kind.

Foot-In-The-Door Study

Psychological experiments demonstrating that agreeing to a small request increases the likelihood of agreeing to a larger request later on.