A Company Reports the Following Balances: During 2018,net Income

question 93

Multiple Choice

A company reports the following balances: During 2018,net income of $29,000 was reported.No treasury stock was sold during 2018.No common stock was retired during 2018.No land was sold during 2018.What financing activities are reported on the statement of cash flows prepared with the indirect method for the year ending December 31,2018?

• A)sale of treasury stock $2000 and Payment of dividends $13,000
• B)purchase of treasury stock $2000,Payment of dividends $13,000 and Sale of common stock $151,000
• C)sale of treasury stock $2000,purchase of land $10,000.
• D)payment of dividends $16,000,Sale of common stock $167,000,and Purchase of treasury stock $2000

---

Definitions:

Traditional Media

Refers to the means of mass communication that existed before the advent of digital media, including television, radio, newspapers, and magazines.

Product Innovations

The introduction of a new or significantly improved good or service that adds value or solves a problem for consumers.

Special Events

Activities or occurrences designed to celebrate, commemorate, or mark a particular happening or tradition.

Channel Conflict

Arises when one channel member believes another channel member is engaged in behavior that prevents it from achieving its goals.