Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter dollar amounts. (Note that "Not Affected" means that the event does not affect that element of the financial statements or the event causes an increase in that element that is offset by a decrease in the same element.)Increase = IDecrease = DNot Affected = NANorth Co. issued a note to purchase a building.AssetsLiabilitiesEquityRevenuesExpensesNet IncomeStmt of Cash Flows???????
What will be an ideal response?
(I) (I) (NA) (NA) (NA) (NA) (NA)
Issuing a note to purchase a building is an asset source transaction that increases a business's assets (building) and increases its liabilities (notes payable). It does not affect net income or the statement of cash flows.
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Which of the following statements is true in the context of the BCG growth-share matrix?
A) Stars often need heavy investment to finance their rapid growth in a market. B) The positions of SBUs in the growth-share matrix rarely change over time. C) The income from one SBU cannot be used to support other business units. D) Dogs promise to be large sources of cash. E) Cash cows typically turn into stars.
Under international accounting standards, cash paid for dividends can be shown on the statement of cash flows as
a. a financing activity only. b. an investing activity only. c. a financing or an operating activity. d. should not be shown on the statement of cash flows but rather on the income statement.
One step that a company can take to improve procurement is to ______.
a. monitor the costs of poor supplier quality b. periodically change suppliers c. frequently change the team in charge of procurement d. inspect each unit of each product procured
Refer to the figure. Determine the latest start time (LST) and latest finish time (LFT) of activity B
A) LST = 9, LFT = 5 B) LST = 5, LFT = 9 C) LST = 8, LFT = 4 D) LST = 4, LFT = 8 E) LST = 8, LFT = 10