The Most Recent Balance Sheet and Income Statement of Penaloza

question 107

Multiple Choice

The most recent balance sheet and income statement of Penaloza Corporation appear below: The company paid a cash dividend of $18. It did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) financing activities for the year was:

• A)($18)
• B)$5
• C)($5)
• D)$8

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Definitions:

Collective Bargaining

The process in which workers, through their unions, negotiate with their employers on terms of employment, including wages, hours of work, working conditions, and benefits.

Negotiations

The process by which two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.

Job Security

The likelihood or assurance a person has that they will be able to continue their employment without risk of becoming unemployed.

Industrial Union

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.