Examlex

Solved

Taylor Company Uses the Indirect Method to Prepare Its Statement \quad

question 2

Multiple Choice

Taylor Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Taylor Company
\quad \quad \quad \quad \quad \quad \quad \quad \quad Comparative Balance Sheet
\quad \quad \quad \quad \quad \quad \quad \quad \quad December 31, 2014 and 2013
20142013 Increase/decrease  Common Stock $30,000$2,000$28,000 Retained Earnings154,000150,0004,000 Treasury Stock(8,000) (5,000) (3,000) Total equity$176,000$147,000$29,000\begin{array}{lrrc}\hline&2014&2013& \text { Increase/decrease } \\ \text { Common Stock } & \$ 30,000 & \$ 2,000 & \$ 28,000 \\\text { Retained Earnings} & 154,000 & 150,000 & 4,000 \\\text { Treasury Stock} & (8,000) & (5,000) & (3,000) \\\text {Total equity} & \$176,000& \$147,000 & \$29,000 \\\hline\end{array} Note: Net Income for the year was $56,000.
Which of the following statements is true of Taylor's statement of cash flows for the year 2014?


Definitions:

Ideal Self

The perception of what an individual aspires to be, shaped by personal goals, values, and societal expectations.

Behavioural Anchor Referent

A reference point or standard used to guide or stabilize behavior, often based on past experiences or societal norms.

Stereotype Threat

The psychological pressure experienced by individuals when they fear confirming negative stereotypes about their social group, which can impair their performance.

Anxiety

An emotion characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure, stemming from anticipation of a perceived threat.

Related Questions