Partin Corporation's cash and cash equivalents consist of cash and marketable securities. Last year the company's cash account increased by $31,000 and its marketable securities account decreased by $22,000. Net cash provided by (used in) operating activities was $108,000. Net cash provided by (used in) financing activities was $(70,000). Based on this information, the net cash provided by (used in) investing activities on the statement of cash flows was:
A. ($29,000)
B. $38,000
C. ($38,000)
D. $9,000
Answer: A
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On December 1, 2018, Garland, Inc. had 200,000 shares of $1 par value common stock issued and outstanding. The next day, Garland declared and distributed a 50% stock dividend. The market value of the stock on December 2, 2018 was $9 per share. Prepare the journal entry for the transaction. Omit explanation.
What will be an ideal response?
Residual income should be used to evaluate an investment center rather than a cost or profit center.
Answer the following statement true (T) or false (F)
The term open interest refers to the
A) total amount of interest paid on an options margin account. B) number of option contracts in existence at a point in time. C) interest accumulated on a Treasury bond contract. D) striking price of an interest rate swap.
The positive, forward-thinking desire to create a profitable, sustainable business is called ________
A) optimism B) entrepreneurial spirit C) fiscal discipline D) marketing strategy E) business implementation