On its December 31st balance sheet, LCG Company reported gross fixed assets of $6,500,000 and net fixed assets of $5,000,000. Depreciation for the year was $500,000. Net fixed assets a year earlier on December 31st, had been $4,700,000. What figure for "Cash Flows Associated with Long-Term Investments (Fixed Assets)" should LCG report on its Statement of Cash Flows for the current year?
A) $500,000
B) $600,000
C) $700,000
D) $800,000
E) $900,000
D
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a. eliminates competition b. increases cost c. increases market d. minimizes collaboration
The board of directors of Meckes Corporation, at a regular meeting of the board, entered into a contract with Peter, one of the directors. The agreement called for the sale of a retail store the corporation operated to Peter. There were 12 board members, 10 of whom were present at the meeting. Nine directors, including Peter, voted in favor of the contract and one voted against it. In view of these facts, which of the following is correct?
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Describe the four major human resource management skill sets.
What will be an ideal response?
On July 1 . 2008 Magda Corporation issued for $960,000 one thousand of its 9 percent, $1,000 callable bonds. The bonds are dated July 1 . 2008, and mature on July 1 . 2018 . Interest is payable semiannually on January 1 and July 1 . Magda uses the straight-line method of amortizing bond discount. The bonds can be called by the issuer at 101 at any time after June 30, 2013 . On July 1 . 2014,
Magda called in all of the bonds and retired them. Ignoring income taxes, how much loss should Magda report on this early extinguishment of debt for the year ended December 31 . 2014? a. $50,000 b. $34,000 c. $26,000 d. $10,000