13. On January 1, 2020, Grgante Corporation purchased 25% of the common stock outstanding of Sheat Corporation for $270,000. During 2020, Long Corporation reported net income of $80,000 and paid cash dividends of $40,000. The balance of the Stock Investments-Long account on the books of Grgante Corporation at December 31, 2020 is how much? 1 14. If a company reports a net loss, it a. may still have a net increase in cash. b. will not be able to pay cash dividends. C. will not be able to get a loan. d. will not be able to make capital expenditures . 15. 16. The cash effects of transactions that create revenues and expenses are a. financing activities. b. investing activities. C. operating activities. d. processing activities. The category that is generally considered to be the best measure of a company's ability to continue as a going concem is a. cash flows from operating activities. b. cash flows from investing activities. C. cash flows from financing activities. d. usually different from year to year