Carson City Saloon purchased a $25,000 truck for catering from its restaurant. It made a down payment of one- fourth of the price. What combination of amounts would affect the income statement and statement of cash flows for the purchase of the truck? Income Statement
a. $25,000 Cash Flow Statement
$ -0-
b. $ -0- ($25,000)
c. $25,0000 ($6,250)
d. $ -0- ($ 6,250)
d
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Groups that make it through storming generally do so because
A. they develop groupthink. B. someone wins the political battle and dominates the group. C. someone besides the leader challenges the group to resolve power struggles. D. the work gets done. E. the focus generally is on social loafing.
Brooke is a suspect in a case of larceny. Police officers search her house without a warrant and find the missing article. Brooke's attorney argues that this cannot be used as evidence as it was obtained without a warrant to search her residence
Which of the following statements is true with regard to the scenario? A) The evidence is not permissible since it violates Brooke's right to be secure in her home as per the Fourth Amendment to the U.S. Constitution. B) The evidence is not permissible since it violates Brooke's right to assemble peacefully as per the First Amendment to the U.S. Constitution. C) The evidence is valid in court as police officers are permitted to search residences. D) The evidence is permissible since the police officers need to describe the items searched for in a formal report.
Which of the following is NOT a step in the forecasting process?
A) Determine the use of the forecast. B) Eliminate any assumptions. C) Determine the time horizon of the forecast. D) Select the forecasting model. E) Validate and implement the results.
Everything else equal, if a firm with favorable future prospects raises funds by issuing new shares of common stock, _____.
A. its debt/assets ratio should increase B. its marginal bankruptcy-related costs should increase C. its retained earnings will increase immediately D. its taxable income should decrease E. the price of its stock will increase when future profits are realized by the firm