Shimko Corporation's Most Recent Comparative Balance Sheet and Income Statement

question 33

Multiple Choice

Shimko Corporation's most recent comparative balance sheet and income statement appear below: The company paid a cash dividend of $19 and it did not dispose of any property, plant, and equipment. The company did not issue 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) operating activities for the year was:

• A)$23
• B)$133
• C)$157
• D)$87

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Definitions:

Protist

Any member of a group of diverse eukaryotic, mostly unicellular organisms, including algae, amoebas, and many others.

Late Blight

A serious disease of potatoes and tomatoes caused by the oomycete Phytophthora infestans, leading to significant crop loss.

Phytophthora

A genus of plant-damaging oomycetes, commonly referred to as water molds, responsible for a range of plant diseases.

Axopods

Long, thin extensions of certain protozoans, such as those in the phylum Actinopoda, used for feeding and movement.