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(Appendix 14A) The most recent balance sheet and income statement of Oldaker Corporation appear below:
The company paid a cash dividend of $42 and it did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.
-The net cash provided by (used in) investing activities for the year was:
Scienter
A legal term that refers to knowledge of the wrongful nature of one's act or omission or the intent to deceive or defraud.
Fraud
Deliberate misleading actions taken to benefit oneself or harm another person.
Criminal Prosecution
The process by which a person is charged, tried, and possibly convicted of a crime by the government.
Civil Prosecution
A legal process initiated by a private individual or entity, not by the state, to seek remedy for a wrong.
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