Which of the following terms is used to refer to a collaborative venture which results in a new legal entity?

Unanticipated withdrawals by liability holders are a major part of liquidity risk.

a. true b. false

Union Company collected $500,000 from customers and paid employees and suppliers $380,000 during 20X6. In addition, the company borrowed $50,000 from the bank and purchased equipment for $90,000 cash. The company's 20X6 Statement of Cash Flows would show which of the following?

A) Increase in cash of $160,000. B) Increase in cash of $80,000. C) Increase in cash of $180,000. D) Decrease in cash of $180,000. E) None of the above is correct.