The Most Recent Balance Sheet and Income Statement of Flo

question 20

Multiple Choice

The most recent balance sheet and income statement of Flo Corporation appear below: Cash dividends were $33.
-The net cash provided by (used by) investing activities for the year was:

• A) ($84)
• B) $84
• C) ($86)
• D) $86

---

Definitions:

Necessary Repairs

Essential maintenance or fixes required to restore an item, property, or infrastructure to a functional or safe state.

Known Unsafe Conditions

Situations or environments that have been recognized as hazardous and could potentially cause harm or injury.

Constructive Trust

An equitable remedy imposed by a court to prevent unjust enrichment, treating the holder of property as if they were a trustee of it for the benefit of another.

Lakeside Lot

A piece of land located adjacent to, or in close proximity to, a lake.