Zanies Corporation reports its income from investments under the equity method and recognized income of $15,000 from its investment in Travis Company during the current year. Travis declared no dividends during the current year. On Daniels' statement of cash flows the $15,000 would
a. be shown as cash from investing activities.
b. be shown as an addition to net income in the reconciliation of net income to cash from operations.
c. be shown as a deduction from net income in the reconciliation of net income to cash from operations.
d. not be shown.
e. None of these answers is correct.
C
You might also like to view...
Mary won a case at the U.S. Court of Appeals. When the case was reviewed by the Supreme Court, only eight judges were present. Four of the judges voted for Mary while the other four voted against her. Which of the following would be the result of this case?
A. The case will be sent to the U.S. Court of Appeals for a review. B. Mary will win the case, as she had already won at the U.S. Court of Appeals. C. The case will be reviewed again by the U.S. Supreme Court when all the judges are present. D. Mary will win, and the case will set a precedent for later cases.
What are the two main components of organizational culture?
A. micro and macro culture B. internal and external culture C. centralized and decentralized culture D. observable and unobservable culture
Which of the following may a U.S. Court of Appeals NOT do in ruling on a case?
A) Reverse the judgment of the lower court. B) Remand or send it back to the lower court. C) Rehear the case by taking testimony of the witnesses. D) Affirm the judgment of the lower court.
Bankruptcy in Chapter 13 is usually to be completed in seven years
a. True b. False Indicate whether the statement is true or false