Which of the following would be classified as an operating activity on the statement of cash flows using the direct method?
A. Cash dividends paid.
B. Cash paid to retire bonds payable at maturity.
C. Cash received from selling equipment.
D. Cash received from accounts receivable collections.
Answer: D
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Hosgood Distributing Inc converts its foreign subsidiary financial statements using the translation process. Their German subsidiary reported the following for 2014: revenues and expenses of 9,050,000 and 6,400,000 marks, respectively, earned or incurred evenly throughout the year, dividends of 2,000,000 marks were paid during the year. The following exchange rates are available: On January 1
2014 .................................... $.250 On December 31 . 2014 .................................. .285 Average rate for 2014 ................................. .270 Rate when dividends were declared and paid ............ .255 Translated net income for 2014 is a. $755,250. b. $715,500. c. $662,500. d. $675,750.
Jim's landlord insists on a written agreement to lease his apartment for $25,000 in order to comply with ________ of the Uniform Commercial Code (UCC)
A) Section 2-2011. B) Section 2A-2011. C) the merger clause D) the equal dignity rule
Dollar General and Dollar Tree are examples of full-price discount retailers.
Answer the following statement true (T) or false (F)
Plato believed one cannot make ethical decisions without first developing virtue
Indicate whether the statement is true or false