Lopez Corp

question 143

Multiple Choice

Lopez Corp. uses the indirect method to prepare its statement of cash flows. Refer to the following information for the year 2014: 1) Long-Term Notes Payable, beginning balance, $80,000
2) Long-Term Notes Payable, ending balance, $76,000
3) Common Stock, beginning balance, $3,000
4) Common Stock, ending balance, $26,000
5) Retained Earnings, beginning balance, $75,000
6) Retained Earnings, ending balance, $115,000
7) Treasury Stock, beginning balance, $6,000
8) Treasury Stock, ending balance, $10,000
9) No stock was retired.
10) No treasury stock was sold.
11) During 2014, the company repaid $36,000 of Long-Term Notes Payable.
12) During 2014, the company borrowed $32,000 on a new Note Payable.
13) Net income for the year was $49,000.
"14) Assume all dividends declared during the year were paid.
How much was the net cash flow from financing activities?"

• A)$2,000
• B)$10,000
• C)$(6,000)
• D)$6,000

Recognize differences in unionization rates among racial groups.

Comprehend the preferences of unions regarding agency shops versus open shops.

Compare job turnover rates between union and nonunion workers.

Interpret the legal implications of right-to-work laws on labor unions.

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Definitions:

Afferent

Relating to or denoting nerve fibers that carry sensory information toward the central nervous system.

Central

Being at the most important or core position; of primary importance or relevance.

Sensory

Pertaining to the senses or sensation.

Afferent Nerves

Nerves that carry sensory signals from the body's periphery towards the central nervous system, including the brain and spinal cord.