Which of the following is a cash inflow from an operating activity on a statement of cash flows prepared using the direct method?
A) sold treasury stock for cash
B) issued common stock
C) received interest revenue in cash
D) borrowed money on a long-term note
C
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The most widely dispersed group of customers can be found in which trading area segment?
a. trading-area overlap b. secondary trading area c. primary trading area d. fringe trading area
A quality control process detected 16 defective products this week. If this number represents 2% of the total production, what was the total number of products produced this week?
What will be an ideal response?
Suzette was a financial planner with ABC Financial. Suzette decided to do some financial planning on the side in the evenings and on weekends for a competitor of ABC Financial. ABC Financial is unaware of Suzette's after-hour work. Which statement is correct?
a. Suzette has not breached a fiduciary duty to ABC Financial since her consulting is done after her work for ABC Financial. b. Suzette has not breached a fiduciary duty to ABC Financial since her behavior does not reflect badly on the finance firm. c. Suzette has not breached a fiduciary duty to ABC Financial since Suzette has a contractual relationship with her clients, not her employer. d. Suzette has breached a fiduciary duty to ABC Financial since she is competing with ABC Financial.
Gina writes and signs a check payable to "Happy Market." Ira, Happy's manager, indorses the check "For deposit only." This is
A. a blank indorsement. B. a qualified indorsement. C. a restrictive indorsement. D. a special indorsement.