Stojko Corporation Had a Net Decrease in Cash of $10,000

question 55

Multiple Choice

Stojko Corporation had a net decrease in cash of $10,000 for the current year. Net cash used in investing activities was $52,000 and net cash used in financing activities was $38,000. What amount of cash was provided (used) in operating activities?

• A) $100,000 provided.
• B) $(100,000) used.
• C) $80,000 provided.
• D) $(80,000) used.
• E) $(10,000) useD.$10,000 - $52,000 - $38,000 = $80,000

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Definitions:

Illusory Correlation

Illusory correlation is the cognitive bias of perceiving a relationship between variables, typically events or behaviors, even when no such relationship exists.

Censoring Dissent

The act of suppressing opinions that are contrary to those of the majority or in power, often seen in political, social, or cultural contexts.

Group Polarization

The phenomenon where the attitude of a group becomes more extreme than the initial attitude of its members following group discussions.

Outgroups

Groups of people not belonging to the main or dominant group, often perceived as different or outside the main group.