The Comparative Balance Sheets of Posner Company, for Years 1

question 42

Multiple Choice

The comparative balance sheets of Posner Company, for Years 1 and 2 ended December 31, appear below in condensed form: ​ ​
Additional data for the current year are as follows: ​
What are the net cash flows from operating, investing, and financing activities for Year 2?
​

• A) operating: $108,000; investing: ($105,200); financing: ($60,000)
• B) operating: $151,800; investing: ($84,200); financing: ($64,600)
• C) operating: $122,200; investing: ($84,200); financing: ($35,000)
• D) operating: $172,200; investing: ($109,200); financing: ($60,000)

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Definitions:

Utilitarian

An ethical philosophy that advocates for actions to be made based on their outcomes, specifically aiming to maximize overall happiness and reduce suffering.

Professional Standards

Established norms and criteria in a profession that practitioners are expected to follow to ensure quality and integrity.

Distributive Justice

Concerns the fair allocation of benefits and resources among individuals in a society or group, considering equity and equality.

Disclosure

The act of making new or secret information known.