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

question 49

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) investing activities for the year was:

• A)$57
• B)($57)
• C)$33
• D)($33)

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Definitions:

Filter-Feeders

Organisms that feed by straining suspended matter and food particles from water, commonly found in aquatic environments.

Toxins

Poisonous substances produced by living organisms, often causing disease when entered into the body at sufficient quantities.

Earthworms

Invertebrate animals belonging to the class Oligochaeta, known for their role in aerating the soil and enhancing soil fertility through their digestion process.

Marine Annelids

Worm-like organisms that live in marine environments, part of the phylum Annelida, known for their segmented bodies.