A(n) ________ is a statutory lien given to workers who furnish services or materials for personal property in the ordinary course of business
A) super-priority lien
B) floating lien
C) artisan's lien
D) judgment lien
C
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Spackel Corporation recorded the following events last year:Issuance of shares of the company's own common stock$ 380,000Purchase of long-term investment$ 40,000Dividends paid to the company's own shareholders$ 18,000Cash paid to suppliers for inventory purchases$ 12,000Repayment of principal on the company's own bonds$ 370,000Interest paid to lenders$ 6,000Collection by Spackel of a loan made to another company$ 110,000Purchase of equipment$ 350,000On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:
A. $(280,000) B. $(390,000) C. $(1,286,000) D. $(760,000)
Which of the following is an illustration of the classification issue?
A) At what amount should land be shown on the balance sheet? B) At what point should the payment of salaries to employees be recorded? C) Should supplies be recorded as an asset or as an expense? D) At what point should a bill be paid for the purchase of an item?
Freight In is the amount paid by the company to deliver merchandise sold to a customer
Indicate whether the statement is true or false
Going Places Adventure Travel signed a 14%, 10-year note for $152,000. The company paid an installment of $2,200 for the first month. After the first payment, what is the principal balance? (Round your answer to the nearest whole number.)
A) $149,800 B) $150,227 C) $151,573 D) $154,200