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

question 48

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:

Sound Waves

Sound waves are vibrations that travel through the air or another medium, which can be heard when they reach a person's or animal's ear.

Amplitude

The magnitude or intensity of a fluctuating signal, such as sound, light, or an electric current, often measured from its rest position to its peak.

Conduction Deafness

A type of hearing loss where there is a problem transferring sound waves anywhere along the pathway from the outer ear to the inner ear.

Eardrum

A thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves, contributing to the ability to hear.