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

question 36

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) financing activities for the year was:

• A)($19)
• B)($53)
• C)$1
• D)($71)

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Definitions:

Gross National Product

A measure of a country's economic performance, calculating the total value of all goods and services produced over a specific time period, including income from abroad.

Wages Increased

The phenomenon of rising levels of payment made to employees for their labor, typically in response to economic, social, or political factors.