Hines Cannery Issued Capital Stock in 2009 for $700,000

question 48

Multiple Choice

Hines Cannery issued capital stock in 2009 for $700,000. During 2009 the company paid dividends of $250,000. What is the effect of these events in Hines' statement of cash flows for 2009?

• A) $700,000 cash provided by investing activities, and $250,000 cash disbursed for financing activities.
• B) $700,000 cash provided by financing activities, and $250,000 cash disbursed for investing activities.
• C) $700,000 cash provided by financing activities, and $250,000 cash disbursed for operating activities.
• D) $450,000 net cash provided by financing activities.

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Definitions:

Skeptical

Having an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Traumatic Event

An incident that causes physical, emotional, spiritual, or psychological harm, often resulting in lasting mental and physical effects.

Therapy

A treatment intended to relieve or heal a disorder, often involving psychological techniques and counseling.

Retroactive Interference

A phenomenon where newly learned information interferes with the recall of previously learned information.