The Change in Each of Kendall Corporation's Balance Sheet Accounts

question 50

Multiple Choice

The change in each of Kendall Corporation's balance sheet accounts last year follows: Kendall Corporation's income statement for the year was: There were no sales or retirements of property, plant, and equipment and no dividends paid during the year. The company pays no income taxes and it did not purchase any long-term investments, issue any bonds payable, or repurchase any of its own common stock. The net cash provided by operating activities on the statement of cash flows is determined using the direct method. The net cash provided (used) by investing activities would be:

• A)$15,000
• B)($10,000)
• C)($8,000)
• D)$5,000

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Definitions:

Natural Selection

A basic process of evolution in which creatures that are more suited to their surroundings are more likely to survive and have a greater number of descendants.

A Priori

Knowledge or justification that is independent of experience, often based on logical deduction.

Genetic Differences

Variations in the DNA sequences among individuals, which contribute to the biological diversity and complexity of organisms, affecting traits from physical appearance to susceptibility to certain diseases.

Causal Relationships

A connection between two variables where a change in one directly causes a change in the other.