During the Current Year,XYZ Corporation Purchased Land for $5,000 and Sold

question 116

Multiple Choice

During the current year,XYZ Corporation purchased land for $5,000 and sold a piece of factory machinery with a book value of $15,000 for $12,000 cash.What is XYZ's net cash flows provided by investing activities for the year?

• A) $8,000
• B) $11,000
• C) $7,000
• D) $10,000

---

Definitions:

Affiliative

Relating to behaviors that promote social connections, such as bonding and friendliness.

Internal Attribution

The inference that a person's behavior is caused by something intrinsic to them, such as their personality, disposition, or character.

External Attribution

The process of attributing the cause of a person's behavior to situational factors outside the individual.

Social Schemas

Cognitive frameworks that help individuals organize and interpret information about social environments and interactions.