A building with a book value of $ 46,000 is sold for $51,000 cash Using the indirect method, this transaction should be shown on the statement of cash flows as follows:
A) an increase of $46,000 from investing activities
B) an increase of $51,000 from investing activities and a deduction from net income of $5,000
C) an increase of $51,000 from investing activities
D) an increase of $46,000 from investing activities and an addition to net income of $5,000
B
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In a revenue-sharing contract, ______.
A. the supplier and buyer share the revenue from sale of products B. the suppliers sell components and materials to the manufacturer at a price below their marginal cost, but the suppliers also share the manufacturer’s revenue, which offsets this loss C. the manufacturer benefits from the increased supply levels and the reduced purchase price of the supplies it purchases D. the burden of overcapacity is borne by the buyer
One of the functions of advertising as a marketing tool is to build value, brand preference, and loyalty.
Answer the following statement true (T) or false (F)
In converting income statement amounts to statement of cash flow amounts, which of the following is true?
a. Depreciation expense would be deducted from net income. b. A loss on sale of land would be added to net income. c. A gain on sale of equipment would be added to net income. d. An increase in accounts payable would be deducted from net income.
A “personality trait encompassing grandiosity, arrogance, self-absorption, entitlement, fragile self-esteem, and hostility” defines:
a. narcissism b. the Napoleon Complex c. charismatic leadership syndrome d. trait grandiosity