During the Year, the Abbot Company Had the Following Changes

question 22

Multiple Choice

During the year, the Abbot Company had the following changes in account balances: 1) The Accumulated Depreciation account had a beginning balance of $25,000 and an ending balance of $35,000. The increase was due to depreciation expense.2) The long-term Notes Payable account had a beginning balance of $40,000 and an ending balance of $15,000. The decrease was due to repayment of debt.3) The Accounts Receivable account had a beginning balance of $60,000 and an ending balance of $50,000.4) The Equipment account had a beginning balance of $25,000 and an ending balance of $92,500. The increase was due to the purchase of equipment for cash.5) The long term investments account (marketable securities) had a beginning balance of $18,000 and an ending balance of $12,500. The decrease was due to the sale of investments at cost.6) The amount of cash dividends declared and paid during the year was $22,000.7) The interest payable account had a beginning balance of $2,250 and an ending balance of $1,250.If the net cash flow from operating activities was $12,000, the net cash flow from investing activities was ($24,000) and the net change in cash was $24,000, what was the net cash flow from financing activities?

• A)$36,000
• B)$12,000
• C)$24,000
• D)($36,000)

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A condition, also known as xerostomia, characterized by a decrease in saliva production, leading to a dry feeling in the mouth.

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Specialized care services provided by licensed nurses to patients with medical conditions requiring expertise, including wound care, medication administration, and health monitoring.

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