Astoria Co

question 38

Multiple Choice

Astoria Co. had the following transactions during the month of August, 2010:
* Cash received from bank loans was $20,000.
* Dividends of $9,500 were paid to shareholders in cash.
* Revenues earned and received in cash amounted to $33,500
* Expenses incurred and paid were $26,000
-Refer to the above data. For the month of August, 2010, net cash flows from operating activities for Astoria were:

• A) $33,500.
• B) $7,500.
• C) $20,000.
• D) $26,000.

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Definitions:

Dependence-Producing Substance

A substance that leads to physical or psychological addiction, causing individuals to feel unable to function without it.

Frontal Lobes

The part of the brain located at the front of each cerebral hemisphere, associated with reasoning, planning, parts of speech, movement, emotions, and problem-solving.

Alcohol

A psychoactive substance that is found in drinks like beer, wine, and spirits, known for its effects on the central nervous system, altering mood, consciousness, and behavior.

Binge Drinking

Binge drinking refers to the consumption of an excessive amount of alcohol in a short period, often leading to acute intoxication.