Cash paid for equipment would be reported on the statement of cash flows in
a. the cash flows from operating activities section
b. the cash flows from financing activities section
c. the cash flows from investing activities section
d. a separate schedule
c
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Measurement in accounting requires choosing an attribute and a unit of measure. _________________________ is the attribute used for many of the assets included in the financial statements
Fill in the blank(s) with correct word
You should use a ________ approach on important negotiation issues when you are certain you are right.
A. avoiding B. compromising C. problem-solving D. dominating
Salespeople use the SELL Sequence to:
A. measure the success rate of sales personnel. B. handle consumer objections gracefully and quickly. C. respond to distractions during sales presentations. D. adapt a sales presentation to the prospect's personality type. E. remember what to emphasize during sales presentations.
Mustin, Inc purchased equipment for $50,000 . The equipment had an estimated useful life of eight years and an estimated residual value of $6,000 . After five years of use, the estimated residual value is changed to $9,000 . Assuming straight-line depreciation, depreciation expense in year 6 would be
a. $4,500. b. $5,500. c. $5,125. d. $7,500.