In preparing a company's statement of cash flows for the most recent year, Ransom Corp. reported the following information: Repayment of outstanding bonds$107,000Purchase of treasury stock 62,000Issuance of common stock 46,000Payment of cash dividends 15,000Net cash flows from financing activities for the year were:
A. $138,000 of net cash used.
B. $138,000 of net cash provided.
C. $230,000 of net cash used.
D. $108,000 of net cash used.
E. $230,000 of net cash provided.
Answer: A
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a. Overstatements. b. Understatements. c. Neither understatements nor overstatements. d. Either understatements or overstatements.
A company will not achieve world-class status unless a quality focus
a. allows that company to achieve one or more major quality awards. b. becomes an integral part of the organization's culture. c. emphasizes the elimination of all quality costs for compliance and noncompliance. d. has been mandated by management for workers to pursue.
Answer the following statements true (T) or false (F)
Tax allocation is made necessary by the permanent differences in financial statement income and tax income.
In relationship retailing, a retailer _____
a. seeks to maximize a customer's short-term satisfaction b. prefers to attract new customers over retaining existing customers c. seeks to attract larger customers over smaller accounts d. plans to establish and maintain long-term bonds with its customers