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

question 12

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 financing activities would be:

• A)$(8,000)
• B)$(13,000)
• C)$20,000
• D)$(3,000)

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Definitions:

Premack Principle

A principle of reinforcement that states a more preferred activity can be used as a reward to reinforce a less preferred activity.

Theory X

A management theory assuming that employees are inherently lazy and will avoid work if they can, necessitating control and coercion by management.

Theory Y

A management approach that suggests employees are intrinsically motivated, enjoy their job duties, and work to better themselves without direct supervision.

Work Motivation

The intrinsic and extrinsic factors that energize, direct, and sustain an individual's work behavior and performance.